Tesla Competitor NIO Launches Another SUV in China
- Electric coupe SUV will compete against Mercedes-Benz, Tesla
- Unprofitable EV maker seeking to jump start sales growth
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Cash-strapped electric-car upstart NIO Inc. is introducing its third sport utility vehicle, a streamlined model aimed at spurring demand in China’s slowing EV market.
NIO didn’t disclose the price for the electric SUV coupe, which comes with a panoramic-view window and is set to compete against vehicles such as the Mercedes-Benz GLC Coupe and Tesla Inc.’s Model Y. NIO’s existing models are the ES8 and ES6 SUVs, and the EP9 performance car.