Chinese EV maker NIO launched the first EV under its new mass-market Onvo brand Wednesday. The new Onvo L60 electric SUV will rival Tesla’s best-selling Model Y at a cheaper starting price. Starting at just $30,500 (219,900 yuan), can NIO’s new electric SUV compete with the Model Y. Read more…
NIO undercuts Tesla Model Y with new $30,000 L60 EV, kicking off cheaper Onvo brand
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