Advertisement
New Zealand markets closed
  • NZX 50

    11,678.68
    -3.82 (-0.03%)
     
  • NZD/USD

    0.6128
    -0.0024 (-0.39%)
     
  • ALL ORDS

    7,935.70
    -99.20 (-1.23%)
     
  • OIL

    80.48
    +0.65 (+0.81%)
     
  • GOLD

    2,344.80
    -11.70 (-0.50%)
     

Nio Launches Onvo L60, Its Tesla Model Y Rival For The Chinese Masses

Nio Launches Onvo L60, Its Tesla Model Y Rival For The Chinese Masses

Nio on Wednesday launched the Onvo L60 EV, which aims squarely at the Tesla Model Y while targeting China's mass market for growth. Nio stock sank as U.S.-China tensions resurfaced. Tesla stock also fell.