Electric vehicle startup NIO is emerging as a serious competitor in the EV space and illustrating that, the company opened its first service center right next to Tesla’s in Beijing as it’s about to deliver its first cars. expand full story

China’s demand for SUVs and electric vehicles keep increasing, which made Tesla’s Model X a very popular vehicle in the country despite its higher price due to import duties slapped on all of Tesla’s vehicles.

Now NIO, one of the most well-funded new Chinese EV startups, launched their first production vehicle this week, the NIO ES8, a cheaper all-electric SUV to try to capture the market. expand full story

After unveiling its ‘EVE’ concept, an all-electric and autonomous vehicle, and raising ‘up to $600 million’ in latest round led by Baidu, NIO is now unveiling its first “production vehicle” at the Shanghai Auto Show today.

The vehicle is called NIO ES8 and it is a full size 7-seater electric SUV. expand full story