Market Chatter: Nio to Start Deliveries of Full-Electric SUV Before September-End
MT Newswires Live09-23
Chinese automaker NIO(SGX:NIO, HKG:9866) will start delivering its first fully electric SUV model L60 Sport later this month, the South China Morning Post reported Thursday.
The SUV will be priced 17% cheaper than Tesla's Model Y, according to the report.
The vehicle will have a 555-kilometer range per charge and batteries can be swapped within a few minutes, the publication noted.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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