At 17% cheaper, Nio’s Onvo SUV to rival Tesla’s market-leading Model Y in China

NIO Onvo L60 launches with cheaper prices than expected starting at just $21,200

On Thursday, 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. more…

Tesla’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.

At 17% cheaper, Nio’s Onvo SUV to rival 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.

Chinese electric carmaker Nio unveiled its budget brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng HEFEI, China — Another Chinese electric carmaker aims to slash prices. Tesla, more discounts on the budget Onvo brand launched by premium electric carmaker Nio has announced its first SUV, the L60, with prices starting at 149,900 Chinese yuan ($21,210) when purchasing a battery service through a monthly subscription, …