Nio’s budget sub-brand Onvo officially launched the L80, a five-seat electric SUV priced from 245,800 yuan (~$36,020), undercutting Tesla’s Model Y by 17,700 yuan (~$2,400) in China.
The L80 opens pre-orders immediately, with first deliveries scheduled for May 15 — adding another aggressive competitor to the most contested EV segment in the world’s largest auto market.
