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Showing posts with the label 3 Reasons NIO

3 Reasons NIO, 'China's Tesla,' Should Be On Your Radar

4-6 minutes In case you've never heard of it, NIO Inc. (NYSE:) is a Shanghai-based automobile manufacturer specializing in designing and developing electric autonomous vehicles. The company, which has been dubbed the 'Tesla of China', was founded four years ago and listed on the New York Stock Exchange this past September, raising $1.8 billion. It currently offers two main models, the ES6, which is a five-passenger SUV with a 358,000 , or $52,000 price tag, and the ES8, which is an upscale, seven-passenger, three-row SUV positioned as a domestic Chinese alternative to Tesla's (NASDAQ:) Model X. It's priced at 448,000 yuan, or around $65,000 versus the Model X's sticker price of $113,000. NIO's third model, the EP9, is an electric-powered, two-seater sports car, which the company claims is one of the world's fastest electric cars. Its 1,360-horsepower engine propels it to 160 mph in 7.1 seconds. Only six have been sold so f