Nio's first electric SUV, the ES8. Photo: VCG
U.S.-listed Chinese electric-car upstart Nio has introduced its second commercial model: the five-seat ES6 SUV.
The high-end vehicle reinforces the company’s intention to break into China’s burgeoning luxury car market.
The ES6 is less expensive than Nio’s first model, with a starting price of 358,000 yuan ($51,918), and has a range of roughly 300 miles. The company’s first car, the ES8, unveiled a year ago, cost 448,000 yuan with a range of approximately 220 miles.
Nio unveiled the ES6 at its annual event in Shanghai over the weekend. The company has been dubbed the Chinese rival to U.S. Tesla.