Nio’s Onvo L80 undercuts Tesla Model Y in China with $36,000 starting price

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.

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