Nio Undercuts Tesla Model Y With New $30,000 L60 Ev, Kicking Off Cheaper Onvo Brand
Electrek 5:35 pm on May 15, 2024
NIO is gearing up for its Onvo EV SUV with a 75kWh battery, promising extended range capabilities through an expanded network of over a million batteries and fast chargers. Despite claims by Reuters about BYD supplying batteries, NIO denied the accuracy of these reports without further explanation.
- Onvo EV Launch:
- Battery Expansion Announcement: Over 750k more batteries and fast chargers.
- Reuters Report on BYD Deal: NIO denied the accuracy of claims regarding BYD's involvement in battery supply.
- CALB Partnership: Supplying 85kWh batteries for Onvo.
- Competitive Market Entry: NIO joins Tesla and BYD with its new electric SUV.
https://electrek.co/2024/05/15/nio-undercuts-tesla-model-y-new-30000-onvo-brand-ev/