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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.

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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.

·United States
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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, …

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South China Morning Post broke the news in Hong Kong on Thursday, September 19, 2024.
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