NIO’s China-only electric SUV will cost half as much as a Tesla Model X

Chinese automaker NIO (formerly NextEV) officially launched its first true production car, an all-electric dual-motor SUV called the ES8, over the weekend. The car debuted in concept form earlier this year at the Shanghai Motor Show, but NIO finally shared the key details about the car like price and range. The ES8, which will go into production next year, starts at 448,000 Chinese yuan ($68,000 USD), and the base model will have a range of 355 kilometers (about 220 miles).That price is about ha