CnEVPost Newsletter: Nio launches Onvo sub-brand; Xiaomi EV plans double-shift production
Nio formally launches Onvo sub-brand, 1st model L60 to challenge Tesla Model Y
Onvo has begun pre-sales of the L60 at RMB 219,900 ($30,440), RMB 30,000 less than the Tesla Model Y. The L60 will hit the market and begin deliveries in September.
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