Onvo L60 likely to help Nio top 20,000 unit monthly sales, says Deutsche Bank
Deutsche Bank expects the Nio main brand and the Onvo brand to launch a total of six new products in 2025, realizing 300,000 unit sales.
Nio formally launches Onvo sub-brand, 1st model L60 to challenge Tesla Model Y
Onvo has begun pre-sales of the L60 at RMB 219,900 ($30,440), RMB 30,000 less than the Tesla Model Y. The L60 will hit the market and begin deliveries in September.
Baidu Apollo launches 6th-gen robotaxi with 60% lower cost
Baidu's self-driving ride hailing platform Apollo Go is close to break-even and aims to be profitable by 2025.
Xiaomi EV plans to start double-shift production in Jun, report says
Xiaomi EV plans to increase its daily production time from 8 hours to 16 hours starting in June, with monthly production capacity expected to rise to nearly 20,000 units, according to local media.
BYD launches 1st pickup truck Shark in Mexico with starting price of $53,400
The BYD Shark can sprint from 0 to 100 km/h in 5.7 seconds and supports features including in-vehicle voice control and remote vehicle management.
Who is head of Onvo? Nio president explains
Onvo's president met Nio's management in 2015 and joined Nio in January 2021 to work on creating Onvo's team.
Xiaomi completes delivery of 10,000th SU7
Xiaomi EV said it is working on increasing its production capacity to ensure it meets its 100,000-unit delivery target this year.
Xpeng reportedly to use BYD batteries in Mona sub-brand
Xpeng will reportedly use batteries from BYD in its Mona sub-brand. Aonther report earlier this month said Nio's Onvo sub-brand would use BYD batteries.
US announces tariff hike on Chinese EVs from 25% to 100%
China urged the US to immediately correct its wrongdoings, saying the country will take resolute measures to defend its rights and interests.
BYD Shark pickup's specs revealed ahead of debut
The BYD Shark can accelerate from 0 to 100 kilometers per hour in 5.7 seconds, with an NEDC battery range of 100 kilometers and a combined range of 840 kilometers.
