Nio’s Onvo L60 unwrapped as Tesla Model Y fighter

AutoExec Summary
Chinese car-maker Nio has launched a new sub-brand called Onvo, with its first vehicle, the Onvo L60, priced competitively at $45,500 in China, 12% less than the Tesla Model Y. The Onvo L60 focuses on space, safety, and utility, with advanced 900-volt electrical architecture for fast charging. It will be available in three versions with different battery options offering driving ranges of up to 1000km. Nio also plans to launch another sub-brand, Firefly, to market its most affordable EVs, with both brands intended to be global.

Brands mentioned: Nio, Tesla, BYD