Tesla Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

SHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y.   Deliveries for Onvo’s first car, the L60 SUV, are set to begin in September, the company said. Pre-sales began after Wednesday’s launch event.     […]

Tesla Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000 Read More »