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SHANGHAI — Chinese electric vehicle maker Nio on Wednesday launched the first vehicle in its new lower-priced brand Onvo which aims to compete there with Tesla's Model Y, the world's best-selling EV.
Yesterday Nio CEO William Li together with Alan Ai (Ai Tiecheng), president of Onvo, gave a press conference where they talked frankly about the Onvo brand and its position relative to Nio along with plans for the two brands. One Easter egg revealed is that Onvo’s second model would be a larger SUV seating six or seven people.
State-owned First Automobile Works (FAW) will join Nio’s battery swap alliance as its 7th memeber, local media reports. FAW is the owner of the Hongqi brand, which recently revealed a version of its Hongqi EHS7 SUV with battery swap support as it applied for market homologation in China.
PARIS — China's premium electric vehicle maker Nio is on track to unveil a new model under a mass-market brand by the end of this month and a second smaller EV to be sold in Europe next year for less than $30,000, a senior executive told Reuters on Monday.
Nio’s long awaited semi-solid state battery will finally launch on June 1 almost two years later than previously promised. The 150 kWh unit is the biggest capacity battery pack produced in China along with having the highest energy density. Certainly at the beginning it will only be available as an upgrade charged on a daily basis.
New spy shots have emerged of the Onvo L60. Onvo is the English name for Nio’s new mass-market brand previously known by the codename Alps. The Chinese name for the new brand is 乐道 (Ledao).
Chinese startup Nio rolled out the first mass-produced semi-solid battery pack, which will be available as a part of the battery swap service in a few months. This battery offers an energy density of 260 Wh/kg and provides a range of up to 1,055 km.
Further details of the Nio ET5 fitted with the 150 kWh battery were revealed today by the Ministry of Industry and Information Technology (MIIT).