PARIS - China's premium electric vehicle maker Nio is on track to unveil a new model under a mass-market brand by the end of this month and a second smaller EV to be sold in Europe next year for less than $30,000, a senior executive told Reuters on Monday.
Vincelot said more details on the brand, until now code named "Alps", were expected by the end of the month. Both are also designed to work with the fast battery swapping stations Nio has pioneered in China, allowing to swap an empty battery against a full one in a few minutes.Rival Xpeng also plans a new mass-market brand called Mona that will include self-driving features on cars priced below $21,000.
With sales slowing at home, Several Chinese EV makers are expanding in Europe and they look to capitalise on their cost advantage against European rivals. The European Union is investigating Chinese EV imports to see if they breach competition rules. On Monday, When it comes to electric vehicles, there is one name that rules the game: Tesla. There is a reputation that comes with being one of the pioneers of the electric car trend, but there is also a price...FREDERICTON — Three people were killed and two others were sent to hospital on Sunday after an early-morning crash in Fredericton. City police say the collision took place around 1 a.m. on Douglas Avenue in the north end.
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