SHANGHAI (Reuters) – Chinese electric vehicle maker Nio said on Thursday it will launch one new car model per year under the Onvo brand and will have a second model targeting larger families coming up next.
Nio executives were speaking a day after the company unveiled the Onvo L60 SUV with a sticker price starting from 219,900 yuan ($30,476), 12% below the price of Tesla’s Model Y which starts at 249,900 yuan in China.
(Reporting by Zhang Yan and Miyoung Kim; Editing by Anne Marie Roantree and)
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