Nio confirmed the Onvo name and said the brand's official launch is expected in early-mid May.
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Nio confirmed the Onvo name and said the brand's official launch is expected in early-mid May.
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Nio has dramatically restructured its BaaS battery rental option in an attempt to make its cars more attractive in the face of fierce price competition, though emphasizing that it's not a response to the ongoing price war.
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CATL will also plan and develop battery systems of longer service lives for Nio's upcoming models.
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The Xiaomi EV factory, which started construction in April 2022, has seen an increasing number of vehicles parked in the parking lot in the last ten days.
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Two camouflage-free spy shots of a model purportedly under Nio's second brand are circulating on social media today, with the rear end showing the vehicle's English brand name as Onvo.
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Speculation circulating on Chinese social media recently suggested that Nio may tweak its BaaS (battery as a service) battery rental service.
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That new version of the Xiaomi SU7 is a single-motor model with more weight, which could mean a larger battery pack and range.
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The refreshed BYD e2 starts at RMB 89,800, or $12,500, down from RMB 102,800.
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Avatr is offering a new version of its Avatr 11 SUV available for this month only at a starting price of RMB 250,000, down from RMB 300,000 for the model's previous entry-level version.
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Li Auto has restructured the naming of its L-series models and will launch new versions of the Li L7 and Li L8 in May, both with RMB 18,000 lower prices.
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