The Chinese automaker and battery-swapping enthusiast Nio is adding the new L60 electric car to its electric vehicle lineup.
The Chinese automaker and battery-swapping enthusiast Nio is adding the new L60 electric car to its electric vehicle lineup under the Onvo brand. Image courtesy of Nio
Cheng also notes that the L60 beats the least costly Tesla vehicle, the Model 3, which is going for 231,900 yuan in China even after a price cut earlier this year. That could explain why Nio and other automotive stakeholders have picked up the battery-swapping ball, banking that drivers would forego the opportunity to own a battery outright if the up-front cost of the vehicle is lower. Maybe so.
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