
NIO's Second Brand May Be Called "ONVO Auto," With the First Car Named "ONVO L60"
Netizens exposed the first model of the NIO sub-brand without camouflage photos on social media platforms, and revealed that the new brand is called 'ONVO'.
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Netizens exposed the first model of the NIO sub-brand without camouflage photos on social media platforms, and revealed that the new brand is called 'ONVO'.

Leaks have emerged recently claiming Chinese electric vehicle firm NIO intends to enter the mobile phone industry.

NIO is seeking a deal with investors that would be willing to finance its spin-off NIO Power. The new project is an effort to stay afloat amid fierce competition from local rivals.

NIO has formed a team of about 20 people dedicated to researching the robot dog project, led by former Momenta algorithm expert Xu Kang.

Recently, NIO has carried out a new round of organizational adjustments and personnel appointments for its global business.

On August 22, a number of employees from NIO, a Chinese electric vehicle company, confirmed to media that the company issued an internal letter stating that it will continue with layoffs. The letter reveals that NIO is planning to retain 7,500 people by the end of September.

The company will also consider cooperating with a local manufacturer to build a factory in Europe, but NIO first needs to increase its sales in Europe, says Li Bin.

Wh battery version (625 kilometers) is priced at ¥426,000 ($59,000). They also announced that a 150kWh battery pack (930 kilometers) will be launched in July.

JAC stated that the cooperation with NIO will continue to deepen, with a shift in focus from traditional OEM business to other strategic areas such as jointly building battery swapping service networks.

On June 1st, it was reported that with the arrival of June, the second half of 2023 officially began and various car companies have experienced explosive growth. Today, Li Auto announced its delivery data for May 2023.

China’s leading electric vehicle (EV) start-up NIO Inc. released its first electric sedan with self-driving technology during the firm’s fourth NIO Day last Saturday in Chengdu, taking the fight to Telsa.

Electric car maker NIO found itself in a real hassle when Megatronix, a newly-founded electric car software company, started poaching its employees.