Chinese customers can buy the ES8 sports utility vehicle(pic), with a range of 500 km on a single charge, for 448,000 yuan (US$67,783), the company said on Saturday in Beijing. That compares with 836,000 yuan for Tesla
BEIJING: Chinese electric-car maker NIO has launched sales of its first vehicle three years after the company was founded, undercutting the price of a rival model from Tesla Inc.
Chinese customers can buy the ES8 sports utility vehicle, with a range of 500 km on a single charge, for 448,000 yuan (US$67,783), the company said on Saturday in Beijing. That compares with 836,000 yuan for Tesla’s Model X, and 596,300 yuan for BMW’s gasoline-powered X5.
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