- Nio is Tesla’s primary domestic competition in China’s luxury electric-vehicle market.
- Nio 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.
China is the world’s largest electric vehicle market. In 2018, it was responsible for 56% of global electric vehicle sales with 1.2 million units sold.
In an effort to capture a greater percentage of that market, Tesla is building a factory in Shanghai, 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.
Read more: 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.
Here’s how the two vehicles compare.
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The Nio ES8 has 355 miles of range, according to the New European Driving Cycle (NEDC), while the Model X has a maximum range of 295 miles, according to the US Environmental Protection Agency (EPA). NEDC estimates tend to be more generous than those from the EPA.
The Model X can accelerate from 0-60 mph in a minimum of 2.8 seconds, while the ES8 can do the same in around 4.4 seconds.
Both the Model X and ES8 can seat up to seven people. The Model X also has five and six-seat configurations, while the ES8 has a six-seat configuration.
See the rest of the story at Business Insider