$NIO Inc.(NIO)$ After Nio unveiled its Onvo L60 model in May, production vehicles rolled onto the assembly floor at a company plant earlier this month, and deliveries will begin shortly. It's a big step for Nio, which hopes the L60 will attack Tesla's Model Y market share in China. The latter starts at around $34,000, while Nio's L60 will check in about $4,000 cheaper in China. It's also possible that with battery leasing, as Nio does with its other models, the L60 could be even more affordable.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments