Chinese EV maker Nio to launch its lower-priced brand Onvo on May 15
Publishing timestamp: 2024-05-08 22:51:49
Summary
Chinese electric car company Nio is launching a lower-priced brand called Onvo on May 15, amid a price war in China's competitive electric car market. The first model will be a family-centric smart BEV priced around $34,600, in the same segment as Tesla Model Y. Nio delivered 15,620 electric cars in April, up from the previous month.
Sentiment: NEUTRAL
Tickers: 9866-HK, 9868-HK, NIO, XPEV,
Keywords: market insider, technology, autos, xpeng inc, nio inc, markets, breaking news: technology, stock markets, business news,