China's Nio has the industry watching

A Nio ES8 battery-electric crossover in Hefei, China. Nio is one of several domestic automakers winning market share in China's electric-vehicle market. (HANS GREIMEL)

May 03, 2019 04:00 AM

HEIFEI, China — Few automakers better embody the "try something new" spirit of China's mobility boom than Nio, the electric vehicle startup that boasts swappable batteries; a cutesy, animated, dash-mounted digital assistant; online-only sales; and stomach-clenching acceleration.

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