PARIS — China's premium electric vehicle maker Nio is on track to unveil a new model under a mass-market brand by the end of this month and a second smaller EV to be sold in Europe next year for less than $30,000, a senior executive told Reuters on Monday.
On Monday, the new website for the Onvo brand went live in China with a message to"stay tuned" for details on the new model, the L60. Both brands are targeting sales in Europe. The first Onvo L60 are expected to arrive in Europe by year-end. The Firefly brand should be unveiled in 2025, Vincelot said.
In Europe, the company has started selling cars in Norway, Denmark, Sweden, Germany and the Netherlands.
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