NIO is expanding into Tesla’s territory with its new mass-market Onvo brand. The brand’s first model, the Onvo L60, will take on Tesla’s best-selling Model Y. Starting at around $30,000 (219,900 yuan), NIO’s new electric SUV undercuts the Model Y by about $4,000 (30,000 yuan) in China. With the first batch of stores opening next week, NIO looks to get new Onvo models out quickly.
Hyundai’s new US-made IONIQ 5 is getting the Waymo robotaxi treatment
Hyundai’s upgraded 2025 IONIQ 5, hitting the US this fall, will join Waymo’s robotaxi fleet. As part of a new...