Chinese Startup’s All-Electric SUV Could Give Tesla Serious Competition
The Chinese startup Nio recently unveiled a car that could challenge Tesla’s growing power in the electric car sector. Nio (formerly NextEv) released its electric SUV — the Nio ES8 — during the Shanghai motor show and also said the vehicle would start production before the end of this year. Deliveries are expected to go out in 2018.
[Image Source: NIO]
Chinese companies have gone mark for mark against other international electric automakers. The country boasted more electric car sales than both the United States and all of Europe for the last two years.