While electric automaker Tesla struggles to reach profitability, its competitors are slowly beginning to chip away at its market share.
The ES8 electric SUV starts at roughly $68,000 Dollars, which is about half the price of a Tesla Model X in China. Reports from China indicate the golden days of the Model X is numbered as NIO, a global start-up based in China, has just unveiled the ES8 all-electric SUV.
The ES8, which starts at 448,000 Chinese yuan ($91,311) is half the starting price of Tesla's 836,000 yuan Model X in China. The vehicle can go from 0-100 km/h in 4.4 seconds.
NIO is also offering some Tesla-esque features and perks, including an in-car artificial intelligence system and a charging portal that it says will let drivers change their auto batteries in just three minutes. The rental plan will cost RMB 1,280 monthly and provides battery upgrade services, roadside assistance, and nationwide charging among other things.
Orders can be placed through an app.
Speaking to CNBC, NIO Founder and Chairman William Li said it was hard to guess how the launch of their vehicle would impact Tesla's own sales, saying, "Maybe Tesla will sell less... after our product is out".
"For sure I think Tesla is our rival in that consumers will choose between our products", continued Li. The electric vehicle market is booming and will still maintain a growth in sales, grabbing customers that will purchase from both brands. "It's hard to say", Li said.
A few months ago, China announced that it would slowly step away from conventional-powered vehicles in favor of cleaner, more sustainable electric ones, and they're willing to pay for it.
Nio launched a self-driving, electric concept vehicle called EVE in March, and the company also makes the EP9, a $1.5 million supercar that accelerates to 60mph in 2.7 seconds and has a top speed of 195 miles per hour. The company recently unveiling the world's largest supercharger station in Shanghai while also striking a deal with the city's government to build a new gigafactory. Not only is there substantial competition for Tesla, but for NIO as well.
The company is also reportedly getting US$1 billion in a new round of funding led by Tencent, which has also invested in Tesla.
"The plan of entering capital markets is just a necessary process during the development of the company".
Police official Abdur Razaq Cheema told media that at least two attackers were able to escape and said that a search is underway. On the other hand, security forces' incompetence despite new tactical training and latest weapons is itself a question mark.
In the meantime, however, there is one workaround that should fix the reaction speed of the Pixel 2 XL fingerprint scanner. Since 2013, Android users can access Google Now by saying the hotword " OK Google ".
But the Steelers remained productive on offense without him, and Roethlisberger was matching Brady completion for completion. The Steelers had opportunities to put the Patriots away, but ultimately could not vanquish Ben Roethlisberger's kryptonite.
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Both players' contracts expire at the end of the season and various reports have surfaced regarding what their plans are. But Wenger feels Ozil is now playing the best football he has seen from the World Cup victor since he joined.
AJ Styles will be looking to defend his WWE title against Jinder Mahal while Randy Orton pairs up with Shinsuke Nakamura. DON DAVIES: I hope this is not a totally squash match with Breezango unable to get any offense in the match.
The budget airline has agreed to meet with pilot's union for the first time ever, but passengers may still face disruption. Ryanair has sought a meeting with the Irish Airline Pilots' Association on that day, according to The Independent .
On the list: " diversity ", " fetus ", " transgender ", " vulnerable ", " entitlement ", " science-based " and "evidence-based". Ashish Jha told Stat News, the decision to censor the seven words will likely force staff to self-censor their work.
Mobile phone customers will be able to cancel their contract with a single text message under plans unveiled by Ofcom today. Under the new rules, mobile providers will also be banned from charging for notice periods running after the switch date.
Keenan Allen , Tyreek Hill reaching 1,000 yards receiving for the season (he's at 986), and playing the field position game. Even Chargers quarterback Philip Rivers admitted he was surprised with how drastically Kansas City fell back to the pack.
Play in front of those fans. "Other movements, the doctors might say, 'That's something.' I think he just wants to make sure". Anthony, 33, returns averaging 18 points per game with the Thunder this season.
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