Home / Finance / Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

May 15, 2024 Finance

Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.

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