Chinese electric carmaker Nio has filed for an initial public offering to sell its stock in the U.S., according to a Reuters report Tuesday.

Nio, nee NextEV, launched its first production car for the masses this month with the ES8 electric SUV. With the vehicle's launch, Nio seems poised as a true threat to Tesla in China, where the Silicon Valley automaker's cars are not eligible for government subsidies and incentives because they're imported.