Nio launches the Tesla Model X of China for half the price

Every editorial product is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our journalism. Chinese electric car startup Nio has launched its first vehicle, the ES8. It's an all-electric, modern SUV that's a direct competitor to Tesla's Model X -- and it costs half as much. The price for the ES8 starts at 448,000 yuan ($67,697) in China, while the Model X starts at 836,000 yuan ($126,328).