Image: EVCentral
Image: EVCentral
AutoExec Summary
Chinese car-maker Nio has launched its new electrified brand, Onvo, to compete with mainstream car-makers like Tesla and Volkswagen. The first model, the Onvo L60, is an SUV designed to rival the Tesla Model Y and is priced at $45,500 in China, 12% less than the Model Y. The L60 focuses on space, safety, and utility, and boasts ultra-fast charging with a range of up to 1000km. It also features sophisticated driver assist aids and an “ingenious storage design.” Nio’s new sub-brand, Onvo, will be joined by another brand called Firefly, which will sell the group’s most affordable EVs. Deliveries of the Onvo L60 start in China in Q3 of 2024.
Brands mentioned: Nio, Tesla, Volkswagen, BYD