Category: China

Nio to officially launch Onvo brand on May 15, debut model to take on Tesla Model Y

Onvo's first model, the Onvo L60, will take on the Tesla Model Y, targeting the market for smart, all-electric SUVs for families in the RMB 250,000 yuan ($34,600) class, Nio said.

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Leapmotor, Stellantis may announce formation of JV next week, report says

Leapmotor's chairman and Stellantis CEO will appear together at a joint press conference next week, where they will jointly announce the formation of Leapmotor International, according to local media.

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