NIO undercuts Tesla Model Y with new $30,000 L60 EV, kicking off cheaper Onvo brand
NIO undercuts Tesla Model Y with new $30,000 L60 EV, kicking off cheaper Onvo brand
Chinese EV maker NIO launched the first EV under its new mass-market Onvo brand Wednesday. The new Onvo L60 electric...
Is Nio a Chinese brand?
Because the new 100% tariff will make this car $60k
Well, you wouldn't want to US car companies to have actual competition would you? Won't anybody think of the poor shareholders?
It's ok, it'll come with a 1-year limited warranty
Ill wait and get a pack of 10 on Temu for $5
1 year, 25000 foot warranty.
Why is it so difficult for these manufacturers to sell a $5000 to $10000 4-door hatchback?
Sure the margins might be razor thin but the market in NA is essentially untapped. (I am certain I am wrong here because silly Americans want big cars so there's actually no market. But let's assume we can somehow convince enough people to buy one...)
Even I, a non-industry outsider can see the great potential for a very modern petrol/EV hybrid and compact city car thats loaded with smart tech (still offline). Imagine all the cool stuff we can do with it like color themes and modern LED based lighting and good features like physical buttons and a bangin' sound system. Not to mention we can have top notch safety features and not sacrifice mileage since it will be a small car.
Late 1980's saw the introduction of a cheap small car called the Yugo, $3999 for the base model. Dive into how it did and why. Now consider that with inflation, $3999 is about $10,000. Even the Smart Car retail was last around $24,000 and I think a basic EV would have more cost built into it that those.
I agree that cars, EV or otherwise, could be made and sold at lower prices with the basic safety and features if it wasn't a profit driven industry, but your price point isn't realistic. I also think we really don't need more cars even if they are small, dependency on personal vehicles is part of why we have problems now.
Hell, I’d be happy with a subcompact crossover EV for less than 30k.
There are proposals to replan communities around golf carts for neighborhood transportation
The engine power comparison is suspiciously absent from the article.
The claims about price are sus too, for all the EVs mentioned. The actual price of Tesla's cheapest Model 3 starts around $45k, so the author's claim that you can buy a Model Y for $34k throws the veracity of the entire article into question.
That’s China prices. Chinese government artificially holds their currency low, hence everything is cheaper there when expressed in USD.
It's definitely going to be a lot slower. But the Chinese market doesn't care much about things like that.
It probably depends on a segment you are trying to address Tesla always positioned itself as high performance car.
I know a Trojan Horse when I see one. So does Joe Biden. China can take their "ET phone home" electric cars and shove them up their ass.