>> li: yeah. >> williams: auto analyst michael dunne says the first challenge for nio is to overcome trying to knock tesla out of china, and take on tesla, perhaps globally? >> dunne: there's plenty of market here to allow tesla to play and nio to play. what nio needs to do is establish credibility with consumers and say, "we're legit. we're a really good car." >> williams: in september, nio became the first chinese all- electric car company to debut on the new york stock exchange. the splashy initial public offering raised a billion dollars. this is the race car? a nio team has competed on the formulae circuit for two seasons, including this race in brooklyn, new york-- proof that electric cars are catching up with gas engines in power and speed. but nios are really designed for tech-savvy chinese owners who link to their cars with a mobile app. tap on a screen for repairs or maintenance. tap to order a mobile charging van for a quick power boost. tap again to visit a swap station, where a depleted battery can be replaced in three minutes by robot mechanics. it's the kind of futuris