I see that Shanghai based electric car manufacturer Nio filed for a listing on the NYSE this month, and this will be quite a large offering bearing in mind that shipping only just started in June on its ES8 seven passenger SUV. Nio means Blue Sky Coming and is one of the recent Chinese EV startups (there are now over 500 of these). Maybe the cash generated from the IPO will enable the company to give Tesla a run for its money, but we must not forget that all the biggest car manufacturers now have electric car products under development too.

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