Energy
Nio’s Onvo L80 undercuts Tesla Model Y in China with $36,000 starting price
Nio’s budget sub-brand Onvo officially launched the L80, a five-seat electric SUV priced from 245,800 yuan (~$36,020), undercutting Tesla’s Model Y by 17,700 yuan (~$2,400) in China.
AI Summary
The Onvo L80, a five-seat electric SUV from Nio's budget sub-brand, has been priced at 245,800 yuan in China, making it cheaper than Tesla's Model Y by 17,700 yuan. This price difference is significant, as it positions the Onvo L80 as a more affordable option for Chinese consumers. The L80 is now available for pre-order, with deliveries scheduled to begin on May 15.
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