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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.