While NIO unveils the first offering under its new low-cost Onvo brand, its peer XPEV makes headlines with its plans to deliver its first flying car in 2026.
NIO Inc. (NIO) closed the most recent trading day at $5.26, moving -1.31% from the previous trading session.
Nio Inc (NYSE:NIO) stock was trading higher Thursday amid reports that the EV maker is launching its first vehicle under the Onvo brand, marked at a discount versus Tesla Inc (NASDAQ:TSLA). It has reversed the gains since then. Nio’s L60 SUV will be priced around $4,000 less than Tesla’s Model Y. Nio plans to deliver the L60 in September. Nio’s CEO, William Li, mentioned in a CNBC interview that he anticipates Onvo will eventually sell its cars internationally. Also Read: Tesla’s Chinese Rival N