China EV start-up Nio to sell mass-production car next year

Chinese electric vehicle start-up Nio will start selling its first mass-production vehicle next year, the firm said in a statement on Wednesday, as it unveiled its ES8 SUV car at the Shanghai auto show.Nio, formerly known as NextEV, is among the first of a raft of Chinese electric vehicle startups to launch a production vehicle, with many so far only showing concept cars.The Chinese auto market has been flooded with electric vehicle start-ups in recent years after Beijing opened the sector to te