Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China. Nio Nio on Wednesday launched the ES7 sports utility vehicle as competition with Tesla intensifies in China. The ES7 adds another competitor to Tesla’s Model Y and Model X in China as the competition in the electric SUV space ramps up. Nio is trying to differentiate its electric SUV by highlighting the technology features of the vehicle. This includes Nio Autonomous Driving, the company’s system that powers some semi-autonomous driving features. The company also highlighted its infotainment system which includes a 23-speaker surround-sound…