Chinese Tesla Rival Launches U.S. IPO

“The company claims its cars have similar performances as Tesla’s, but at half the sticker price. The ES8 sells at a base price of 448,000 yuan (about US$66,000), while Tesla’s Model X has a base price of about 920,000 yuan in China.” – www.scmp.com/business/companies/article/2161816/chinese-ev-maker-nio-steps-accelerator-seek-us132-billion-us-ipo

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