NIO Stock Climbs — Onvo Launches Refreshed L60 At Lower Price To Challenge Tesla Model Y
The new Onvo L60 starts at RMB 192,800, compared to Model Y’s starting price of RMB 263,500. The company will begin deliveries of the new vehicle immediately. Onvo is NIO’s mass-market sub-brand, launched in May 2024 to broaden NIO’s reach beyond its premium NIO-branded vehicles. CEO William Li has previously said Onvo is expected to … Read more