North San Jose is quickly becoming a mecca for electric car companies and the history goes back far. Tesla originally wanted to build their factory in Alviso. Only after they were rejected by the state, did they choose the Fremont location. NextEV and LeEco on the other hand setup their US Headquarters in North San Jose. Access to high-end engineering talent in Silicon Valley and industrial space were no doubt major factors in those decisions.
Last week, NextEV finally pulled back the curtain on their first car. Like Tesla, they are starting with limited-production expensive cars and then creating mass-market vehicles. The NIO EP9 will be the fastest electric car in the world. It can hit 124 MPH in 7.1 seconds and has a top speed of 194 MPH. Range is about 265 miles. The EP9 just set a world record on the Nurburgring, video below. Unfortunately, those specs won't come cheap... the car costs about $1,000,000 (correct number of zeros).
We'll have to see how the less expensive cars in their lineup compete with both traditional car companies and Tesla, but for now you can take some pride in the fact that this is a San Jose company. NextEV is located at 3200 N 1st Street.