Summary of Tesla’s Chinese rival Nio cuts price for new Onvo-branded car
Summary of Tesla’s Chinese rival Nio cuts price for new Onvo-branded car
Nio, a premium electric car company, launched its lower-cost brand Onvo, with the L60 SUV starting at 149,900 Chinese yuan ($21,210) with a monthly battery subscription. The company plans to start deliveries in the United Arab Emirates in the fourth quarter and aims to reach 10,000 monthly deliveries in December and 20,000 vehicle deliveries a month next year.
quoting nevent1q…p93tTesla’s Chinese rival Nio cuts price for new Onvo-branded car
There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.
https://www.cnbc.com/2024/09/19/teslas-chinese-rival-nio-cuts-price-for-new-onvo-branded-car.html
Nio, a premium electric car company, launched its lower-cost brand Onvo, with the L60 SUV starting at 149,900 Chinese yuan ($21,210) with a monthly battery subscription. The company plans to start deliveries in the United Arab Emirates in the fourth quarter and aims to reach 10,000 monthly deliveries in December and 20,000 vehicle deliveries a month next year.