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Nio targets Tesla's bestselling model with new Onvo brand

Nio
Nio unveiled the L60 electric crossover, the first product under Onvo brand, on Wednesday.  (NIO)
ZZ
By:
ZOEY ZHANG
MK
By:
MIYOUNG KIM
R
By:
Reuters
|
May 15, 2024 03:04 PM

SHANGHAI — Chinese electric vehicle maker Nio on Wednesday launched the first vehicle in its new lower-priced brand Onvo which aims to compete with Tesla's Model Y, the world's best-selling EV.

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