Nio announced plans to introduce a new model annually under its budget-friendly Onvo brand. The company aims to align Onvo’s pricing with that of traditional gasoline vehicles, a strategic move to penetrate the competitive Chinese auto market. Nio’s latest unveiling, the Onvo L60 SUV, comes with a price tag starting from 219,900 yuan ($30,476), positioning … Continue reading Nio’s Onvo Brand to Release New Model Annually, Aims for Family-Friendly Electric Vehicles