The globally expanding Chinese company NIO could grow into a serious competitor for established electric car makers like Tesla, if the now announced ET5 electric sedan can in fact deliver the advertised 620 miles of range while being more affordable than a comparable Tesla Model 3.
https://www.notebookcheck.net/NIO-ET5-Tesla-Model-3-competitor-with-up-to-620-miles-of-range-unveiled.588154.0.html