Tesla’s Chinese rival Nio undercuts the Model Y by $4000
Chinese electric car company Nio revealed the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y.
Fierce competition in China’s electric car market has prompted many companies to cut prices.
#CNBC #Nio #Tesla
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Sat, 18 May 2024 23:00:13 GMT