7 Things to Know About Nio's New Onvo and ‘Firefly' Brands
NIONIO(NIO) Investor Place·2024-06-12 03:39

Nio (NYSE:NIO) operates as a luxury electric vehicle (EV) company, although it has a plan up its sleeve to attract customers who favor a more affordable option. Actually, it has two plans. Both offer fresh growth opportunities for NIO stock.The first is Onvo, which is short for “On Voyage.” The L60 SUV will be the brand’s first vehicle with a starting price of about $31,000. Nio expects L60 deliveries to begin during the third quarter, and preorders are already open.Nio boasted about the new brand in a pres ...