Chinese automaker Nio introduces the Onvo L60 electric SUV under its new brand, focusing on affordability and battery-swapping technology. The base price starts at $29,330 (206,900 yuan) without the battery, which can be leased for approximately $1,000 per year.
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.
Nio Onvo L60 Electric Car Battery Swapping Affordable Vehicles China
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nio Drops Onvo L60 Price To Obliterate Tesla’s Model Y, Starts At $21KThe Onvo L60 can be purchased outright or with a battery pack as part of a monthly subscription
Read more »
Tesla’s Chinese rival Nio cuts price for new Onvo-branded carThere's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.
Read more »
A Battery-Swapping Secret Is Behind The New Nio Affordable L60 Electric VehicleThe Chinese automaker and battery-swapping enthusiast Nio is adding the new L60 electric car to its electric vehicle lineup.
Read more »
This Tesla Model Y Clone From Nio Might Be Even BetterThe Onvo L60 has a 900-volt platform, better efficiency and it’s more affordable than Tesla’s Model Y.
Read more »
What Wall Street needs to become more bullish on Nio stockWhat Wall Street needs to become more bullish on Nio stock
Read more »
Nio eyes purchase of Audi’s Belgium plantAn offer will be submitted to Audi parent Volkswagen Group by 23 September
Read more »