Nio Unveils EV To Rival Tesla's Model Y

10/4/2024 2:10:23 PM

(MENAFN- Investor Brand Network) Chinese electric vehicle manufacturer
Nio Inc. (NYSE: NIO)
has
debuted the first electric car
in its Onvo brand as a potential competitor to Tesla's best-selling unit, the Tesla Model Y. Currently the most popular battery electric vehicle (BEV) on the globe, the Model Y costs $42,990 and is practically unaffordable to the average driver.

However, the new Nio L60 costs more than 10% less than the Model Y at a starting price of $30,465 and offers a solid opportunity for Nio to...

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