The new model will offer three rows of seats but should remain affordable
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
