Nio is the only premium electric vehicle in China besides Tesla, and Nio’s seven-seat SUV is actually much cheaper than the Tesla Model X. Now Nio has listed its shares on the New York Stock Exchange as they prepare to become available on the market in Europe and the US. Whether Nio’s cheaper electric cars will thrive in the US has yet to be seen, but the Chinese company will certainly spark up competition within the electric car market.
This article was originally published on September 14, 2018
