Etiqueta: Onvo L60
Exclusive-China’s Nio turns to rival BYD to power new EV brand,...
China electric vehicle maker Nio has struck a deal with larger rival BYD to source batteries for an EV brand priced at a lower range that aims to compete with Tesla, three sources with direct knowledge of the matter said. It also shows the impact of unrelenting competition over the price of new EVs in China's market, and batteries, the largest single cost in a new vehicle. Nio, which launched as a start-up a decade ago, had intended to produce batteries in-house but abandoned those plans in December as it shifted its focus to cutting costs to reverse losses.
Exclusive-China’s Nio turns to rival BYD to power new EV brand,...
Exclusive-China's Nio turns to rival BYD to power new EV brand, sources say
Nio’s Model Y competitor Onvo L60 will use batteries from BYD
Onvo L60 from Nio will have batteries from 60 and 90 kWh battery packs from BYD and CATL. Plus other key specifications.
The post Nio’s Model Y competitor Onvo L60 will use batteries from BYD appeared first on CarNewsChina.com.
Nio’s Model Y competitor Onvo L60 spied in the wild in...
The Onvo L60 has been spied in China. The new mass-market brand from Nio's first car will compete with the Tesla Model Y.
The post Nio’s Model Y competitor Onvo L60 spied in the wild in China appeared first on CarNewsChina.com.
