NIO’s (NYSE: NIO) new electric SUV already looks like a hit. In just 100 days since launching, NIO Onvo L60 deliveries reached over 20,000 as the EV maker taps into the mass market.
Expand Expanding Close
NIO’s new Onvo EV brand is finally scheduled to arrive in its first European market in early 2025. The new lower-priced EV brand is expected to play a significant role as NIO looks for a bigger share of the global auto market.
Expand Expanding Close
NIO (NYSE: NIO) plans to expand into 25 overseas markets by the end of next year. With its new lower-cost Onvo brand already driving demand, NIO expects to play a much bigger role in the global EV market. Will we see NIO’s electric vehicles launch in the US? Europe?
Expand Expanding Close
With its new electric SUV rolling out, NIO’s (NIO) sales topped the 20,000 mark again in Oct, its sixth straight month hitting the milestone.
Expand Expanding Close
China’s NIO (NYSE: NIO) has a new secret weapon it’s about to unleash. After launching the first model of its new affordable EV brand Onvo, NIO says the upcoming electric SUV will be “much more competitive.”
Expand Expanding Close
China’s NIO (NYSE: NIO) delivered over 20,000 vehicles in September, its fifth straight month crossing the mark. In just three days, NIO sold 832 Onvo L60 electric SUVs, the first of its new low-cost EV brand.
Expand Expanding Close
NIO’s (NIO) new Onvo L60, starting at just $21,200, paves the way for a “brand revival,” according to Deutsche Bank analyst Wang Bin’s team. The new low-cost electric SUV is crucial as NIO takes aim at market leaders like Tesla and BYD.
Expand Expanding Close
On Thursday, NIO officially launched its new Tesla Model Y rival, the Onvo L60. Starting at just $21,200 (149,900 yuan), NIO’s new electric SUV hits the market with cheaper prices than expected.
Expand Expanding Close
NIO is expanding into Tesla’s territory with its new mass-market Onvo brand. The brand’s first model, the Onvo L60, will take on Tesla’s best-selling Model Y. Starting at around $30,000 (219,900 yuan), NIO’s new electric SUV undercuts the Model Y by about $4,000 (30,000 yuan) in China. With the first batch of stores opening next week, NIO looks to get new Onvo models out quickly.
Expand Expanding Close
NIO’s answer to the Tesla Model Y, its new Onvo L60 electric SUV, just rolled off the assembly line. As production kicks off, NIO’s Onvo brand unveiled interior details for the first time. At first glance, it looks suspiciously familiar.
Expand Expanding Close
The first model of NIO’s new low-cost Onvo brand, the L60 electric SUV, could lead to a sales surge, according to at least one analyst. Aimed at Tesla’s best-selling Model Y, the NIO Onvo L60 could boost sales to over 20,000 per month as an even more affordable ($30K) option.
Expand Expanding Close
Chinese EV maker NIO launched the first EV under its new mass-market Onvo brand Wednesday. The new Onvo L60 electric SUV will rival Tesla’s best-selling Model Y at a cheaper starting price. Starting at just $30,500 (219,900 yuan), can NIO’s new electric SUV compete with the Model Y?
Expand Expanding Close
Days after leaked spy images revealed a new EV nomenclature, NIO has publicly confirmed its upcoming sub-brand will be called “Onvo.” Previously codenamed “Alps,” Onvo EVs will be designed and targeted toward customers with families. We’ve also caught wind of the new brand’s official launch date.
Expand Expanding Close