Nio Drops Onvo L60 Price To Obliterate Tesla’s Model Y, Starts At $21K
Nio has already opened over 100 stores for the Onvo brand in China. All Onvo L60 models are compatible with the automaker’s expansive battery swap network. Next year, a flagship variant with 621 miles (1,
China’s Nio to Launch First Onvo SUV, Its Tesla Model Y Challenger
The Onvo L60, a smart electric mid-size family sport utility vehicle, will debut at a launch event in Beijing at 7.30 p.m. today. It has a pre-sale price of CNY219,900 (USD30,400), compared with CNY249,900 for a Model Y in China.
At 17% cheaper, Nio’s Onvo SUV is new threat to Tesla’s market-leading Model Y in China
New models have continued to chip away at Model Y’s dominance on the mainland, where deliveries slumped 17 per cent this year through July.
Buy Rating on NIO Shares Amid Onvo L60 Launch Optimism
Tim Hsiao, an analyst from Morgan Stanley, maintained the Buy rating on Nio (NIO – Research Report). The associated price target remains
Tesla Faces New Competition in China as Nio Launches Low-Cost SUV
Chinese automaker Nio is launching a budget brand called Onvo, aiming to take on Tesla with its first model, the L60 SUV. Nio, known for its premium electric vehicles, launches this SUV priced at 149,
NIO Onvo L60 launches with cheaper prices than expected starting at just $21,200
NIO officially launched its new Tesla Model Y rival, the Onvo L60. Starting at just $21,200 (149,900 yuan), NIO’s new electric SUV hits the market with cheaper prices than expected. NIO officially launched the L60 electric SUV in China on September 19,
Tesla's Chinese rival Nio cuts price for new Onvo-branded car
A model with the battery and the car starts at 206,900 yuan. Deliveries are set to begin Sept. 28. HEFEI, China — There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.
Prediction: This Will Be Nio's Next Big Move
After years of fits and starts, it appears that Nio is finally hitting its stride in vehicle production and sales growth.
Electrek2d
NIO (NIO) eyes buying Volkswagen plant in historic market shake up
China’s NIO (NIO) is considering buying Volkswagen’s Audi plant in Brussels. Volkswagen’s plant is at risk of being shut ...
NIO's Secret Weapon Is About to Take On Tesla
Nio is stepping away from its luxury lineup to start deliveries of its more affordable Onvo brand, and it's headed for Tesla.
TechNode2d
NIO vying for market share from Tesla, VW, and more with first mainstream SUV
More than 60% of the customers choosing the Onvo L60 consider battery-swapping technology as the most desirable attribute, ...
Investing2d
Citi maintains Buy rating on NIO shares after ONVO L60 launch
The ONVO L60's pricing strategy positions it well within the mid-size SUV market, with the added appeal of NIO's brand reputation and the convenience of battery swap functionality. These factors ...
AOL18d
NIO's Secret Weapon Is About to Take On Tesla
After Nio unveiled its Onvo L60 model in May, production vehicles ... increasing the number of battery-swap stations, as well as developing driverless-vehicle technology. Those ambitions come ...