Chinese firm releases a car that costs more than NIO ES8, will the market buy it?

The HiPhi X, the first product of Shanghai-based Human Horizons’ luxury smart electric car brand HiPhi, was recently launched, with a four-seat founder edition priced at RMB 800,000 ($117,800) and a six-seat founder edition┬ápriced at RMB 680,000, much higher than the RMB 468,000 price tag of the new NIO ES8.