Nio’s boss has pretty ambitious plans and believes that many brands won’t survive the global market upheaval
The Onvo L60 can be purchased outright or with a battery pack as part of a monthly subscription
All future Onvo models will be compatible with Nio’s growing battery swap network
Nio’s new mass market brand has Tesla firmly in its sights, and it’s shooting for a bulls eye
The entry-level Nio EV may start at around 220,000 yuan (~$30,500) in China
The new brand, formerly known as Alps, will roll out a Tesla Model Y rival later this year
