- Reuters
CORRECTED-Nio on track to unveil its first mass-market car in May, executive says
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 has created the sub-brand Onvo to launch a new EV that Chief Executive William Li has said will take aim at the Tesla Model Y, the world's best-selling EV. "Nio is currently working on the launch of new car brands, that would be less premium, still obviously 100% electric, and more suited for the European market needs," Nicolas Vincelot, general manager for France, said during a France-China business forum in Paris.
- Motley Fool
Why Shares of EV Stocks Nio, Li Auto, and XPeng Are Driving Higher This Week
Investors gave green flags to Chinese EV makers after they reported increases in vehicle deliveries.
- Investor's Business Daily
Tesla Rivals: Nio Deliveries Jump, BYD, Li Auto, XPeng Report April Sales Amid Price War
Nio deliveries jumped vs. March while Li Auto and XPeng reported too. EV giant BYD showed a continued rebound.
