Newrizon, founded by a former Nio senior vice president, announced in February 2023 that it had secured more than RMB 100 million in Series B+ funding from Nio Capital.

The model comes with features including FOTA (Firmware Over The Air) upgrades, intelligent vehicle management, keyless entry, and app control, Newrizon said.

Newrizon was founded in September 2020 by former Nio senior vice president Huang Chendong. It announced in February 2023 that it had secured more than RMB 100 million ($14 million) in Series B+ financing from Nio Capital.

The Newrizon brand was officially launched on August 5, 2021, when two electric commercial vehicle models, the iC1 and EC1, were unveiled.

The EC1 is a 4.5-ton pure electric light-duty truck developed by Newrizon in collaboration with Sinotruk Fujian Haixi Truck, which was launched in September 2021.

The iC1 went on sale in China in August 2023, with a current starting price of RMB 255,800 yuan.

The description on Newrizon's website shows that the iC1 can do a battery swap in 5 minutes and can charge from 0 to 80 percent in 40 minutes when using fast charging.

Newrizon will use the Middle East as a starting point to expand into global markets and gradually establish a complete sales and operations system, the company said today.

($1 = RMB 7.1941)

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