Nio launches Onvo brand with L60 crossover

Chinese EV manufacturer Nio still only sells a fraction of the vehicles that the likes of Tesla and BYD do, but it’s already ready to introduce two new brands, Onvo and Le Dao, to help boost sales by offering EVs at lower price points than its own premium offerings. Onvo is aimed at families and revealed its first model, the L60 compact crossover…Chinese EV manufacturer Nio still only sells a fraction of the vehicles that the likes of Tesla and BYD do, but it’s already ready to introduce two new brands, Onvo and Le Dao, to help boost sales by offering EVs at lower price points than its own premium offerings. Onvo is aimed at families and revealed its first model, the L60 compact crossover…