More than 60% of the customers choosing the Onvo L60 consider battery-swapping technology as the most desirable attribute, according to NIO's CEO.

Nio has introduced a new brand, Onvo, with its first vehicle, the L60 SUV, priced aggressively to compete with Tesla. The L60 starts at 149,900 Chinese yuan

Nio, one of Tesla’s Chinese rivals in the EV market, is slashing the price of its new Onvo-branded SUV, the L60.

The market for electric vehicles is relatively new and rapidly developing. EV models are being introduced by unfamiliar companies seemingly every day. It’s all a little confusing. And now that we’ve had an eyeful of the 2020 Tesla Model Y,

Chinese automaker Nio is launching a budget brand called Onvo, aiming to take on Tesla with its first model, the L60 SUV. Nio, known for its premium electric vehicles, launches this SUV priced at 149,

A model with the battery and the car starts at 206,900 yuan. Deliveries are set to begin Sept. 28. HEFEI, China — There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.