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, …