China's NextEV, the automaker behind the NIO EP9, the world's quickest electric car, claims to now be working on a Tesla Model X rival for launch in late 2o18 or early 2019.

The Target...Tesla Model X

The Target...Tesla Model X

According to NextEV, the EP9 proves that the automaker is capable of designing a head-turning supercar, which it did so by using its experience in Formula E, but the EP8 will cost something like $1.2 million to build, so it's certainly not a vehicle for the masses.

NextEV co-founder Jack Cheng says that EP9 will sit at the very top of the automaker's range of vehicles, and that it will be followed by an electric SUV. Cheng states:

"It'll be positioned at Audi and BMW but with a Toyota price."

So, an affordable electric SUV then.

As for battery size and price, senior design director at NEXt, David Hilton, claims it'll will have a 70-kWh battery pack and range of 330 miles (which naturally seems way optimistic to us - we are thinking ~250 miles at the very best).

On the performance side, Hilton says that the electric SUV will be "as good as or better than the Tesla but cheaper."

The SUV will be built in China with partner JAC Motors. It will be sold in the U.S., as well as other countries around the globe.   We will just have to wait and see on this one.

Source: Automotive News