Chinese electric vehicle startup Niutron on Saturday launched its first production model, the NV, offering two electrified options – all-electric or plug-in hybrid – with a price range of RMB 278,800 to RMB 318,800 ($39,179 to $44,800). Scheduled for delivery later this year, the plug-in hybrid crossover has a driving range of 1,257 kilometers (781 miles) with a full fuel tank and a full charge, while the pure electric version can drive for up to 560 kilometers on one charge. The company was founded in late 2018 by Li Yinan, a former vice president at Huawei, and secured RMB 500 million in a Series A led by IDG Capital and Coatue Management. [Niutron release, in Chinese]