China's Nio Competes with Tesla's Model X

NIO ES8 11

This is China's answer to the Tesla Model X – at about half the price

That's half the Tesla Model X Chinese starting price of 836,000 yuan ($126,470).

"Maybe Tesla will sell less. after our product is out". It was recently reported that Tesla has reached an agreement to build a factory in China, while other automakers have formed partnerships with existing Chinese manufacturers in order to tap into the large market.

This is China's answer to the Tesla Model X – at about half the price

Unveiled earlier this year, the ES8 is a "high performance electric SUV" that features a bold design which will likely provoke strong reactions.

The NIO ES8 comes standard with an adaptive air suspension and an all-aluminum body.

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The seven-seat interior is decidedly more appealing as it features high quality materials and advanced technology. There's a heads-up display on the windshield, and a wireless charging pad in the center console.

Motivation is provided by two electric motors which produce a combined output of 643 hp (480 kW) and 619 lb-ft (840 Nm) of torque. It can accelerate up to 62 miles per hour in 4.4 seconds and customers can place orders through an app. NIO says its driver assistance system supports over-the-air updates so its vehicles can gain new features as they become available. These sensors include four exterior cameras, a front-facing trifocal camera, five millimeter-wave radars, a driver monitor camera, and 12 ultrasonic sensors.

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The new ES8 will launch with 15 active safety and convenience features including Highway Pilot, traffic jam assist, and automatic emergency braking.

Buyers can also opt for a subscription service on the battery, which includes "battery upgrading services, along with quality assurance, roadside assistance, vehicle connectivity, and nationwide charging services", according to the company. The ES8 can be charged at stations that will allow the batteries to be swapped in only 3 minutes while a mobile service also travels to auto owners who need to charge their cars.

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The ES8 is a seven-seat auto that is customizable and equipped with an artificial intelligence system. The Shanghai-based company, founded in 2014, has also taken to improving Chinese infrastructure with plans to build 1,100 power-swap stations in China by 2020. NIO will also offer home charging, as well as concierge charging that can add 100 kilometers of range in 10 minutes.

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