Nio is gearing up to challenge Tesla’s dominance in the Chinese electric vehicle market with the launch of its new Onvo L60 SUV. Scheduled for release later this month, the L60 is set to make waves with its competitive pricing and innovative features. The Onvo L60 will be priced at 206,900 yuan (US$29,267), significantly undercutting...
In August, Tesla, the U.S.-based electric vehicle (EV) giant, set a new sales record for 2024 in China, with its Shanghai Gigafactory seeing a significant rise in deliveries for the second consecutive month. This achievement signals China’s growing allure for foreign investors, especially in the EV sector, as the country accelerates its green transition and...
