Nio is Tesla's primary domestic competition in China's luxury electric-vehicle market.
, the first that will be wholly-owned by a foreign car company. For now, Tesla is shipping vehicles to Chinese customers from the United States.The CEO of China's largest electric-car company compares Tesla to high fashion — and says his company is the 'girl next door'
Tesla's primary domestic competition in China's luxury electric-vehicle market is Nio, which released its first vehicle, the ES8 SUV, in 2018. The ES8 has a 355-mile range, up to seven seats, and a starting price of around $67,000. Though it was first released in 2015, Tesla's Model X SUV is the company's closest competitor to the ES8.
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