A startup trying to take on Tesla just gave a glimpse of the electric car it will release in 2020

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nio electric car

NIO

Another startup is looking to compete with Tesla in the electric car market.

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Nio, formerly known as NextEV, announced Friday it was officially entering the US market at SXSW in Austin, Texas. The startup said it will release a self-driving, electric vehicle in the US in 2020.

At SXSW, Nio unveiled an electric concept to show off its vision for its future cars - scroll down for a closer look:

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