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[Dormant] Electric Vehicles@lemmy.worldEnglish · 6 months ago

NIO undercuts Tesla Model Y with new $30,000 L60 EV, kicking off cheaper Onvo brand

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NIO undercuts Tesla Model Y with new $30,000 L60 EV, kicking off cheaper Onvo brand

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[Dormant] Electric Vehicles@lemmy.worldEnglish · 6 months ago

Chinese EV maker NIO launched the first EV under its new mass-market Onvo brand Wednesday. The new Onvo L60 electric...

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6 months ago
That’s China prices. Chinese government artificially holds their currency low, hence everything is cheaper there when expressed in USD.

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