“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.” – https://www.scmp.com/business/companies/article/2161816/chinese-ev-maker-nio-steps-accelerator-seek-us132-billion-us-ipo