Nio unveils the Onvo, an affordable EV rival to Tesla

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Onvo,Julie Hyman

Nio (NIO) has unveiled its newest electric vehicle, the Onvo, the first of the manufacturer's lower-priced EV brand. With an official launch set for...

) has unveiled its newest electric vehicle, the Onvo, the first of the manufacturer's lower-priced EV brand.

Now, we know of course, China, this is a cut throat market, intense competition, price, price cuts on top of obviously broader trends, ev growth just is not what it was.And maybe there's concern that, you know, especially when you look at the pricing here, maybe there's gonna be another, another money losing kind of proposition.

 

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