The Chinese electric automaker Nio is going public.

Nio launched a public offering on Tuesday, where the company announced an intention to sell 160 million shares, priced between $6.25 and $8.25. Should this prove successful, we could see as much as $1.3 billion in new finances for the automaker, and a total value of $8 billion. This would make them the largest Chinese automaker in the US.

Currently, the price is expected to happen on September 11, with trading available the following day. They'll be given the ticker symbol of NIO and will most likely be available on the New York Stock Exchange.

Alongside this announcement, Nio has released the ES8, an electric sedan comparable to the Tesla Model X. Shortly after this we can expect the ES6, a smaller sized SUV option. It will be available by the end of the year, assuming you're in China. The decision to go public makes sense, given that this is just the tip of the iceberg for vehicle production. A full portfolio will require a hefty backing financially, after all.

Currently, under 1,000 examples of the ES8 have been produced and delivered, costing $65,000 each. But according to preorder listings, they have a hefty 17,000 more already accounted for.

While Nio is currenly only available in China, the automaker has plans to extend worldwide. They've already established a local division in the United States. Perhaps it's time to break out my stock bookie again.