NIO Stock: Nio Gears Up to Launch the Onvo L60 in September 2024

Nio (NYSE:NIO) stock is trending up this morning on news that the company’s spinoff — the highly anticipated mass-market Onvo brand — has an official time table to launch. Indeed, the Onvo L60, the brand’s first model, is set to launch in late September. That’s slightly later than previous reports of a Sept. 10 release.The exact price of the L60 will be revealed at its launch event, Onvo President Ai Tiecheng said in a livestream on Thursday. This will also mark the first time customers will have the chance ...