business
speculative

Nio to Introduce First Mass-Market Car in May, Executive Confirms

2024-05-06 19:44
US business
founder and current CEO of NIO
American EV-startup
Canadian oceanographer
Chinese car company
town in Ōshima district, Kagoshima prefecture, Japan
country in East Asia
LGBT magazine
  • Nio, the Chinese premium electric vehicle maker, is set to unveil its first mass-market car in May.
  • The new EV will be launched under the sub-brand Onvo, targeting competition with the Tesla Model Y.
  • This move marks Nio's expansion into the mass-market segment with high ambitions in the electric vehicle industry.

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