NIO's Secret Weapon Is About to Take On Tesla

Nio is stepping away from its luxury lineup to start deliveries of its more affordable Onvo brand, and it's headed for Tesla.If you've only glanced at the electric vehicle (EV) industry, you can be forgiven for not knowing about the Onvo brand. You'd likely be even less aware that it's NIO's (NIO 2.72%) attempt to expand into Tesla (TSLA -1.64%) territory to battle its best-selling Model Y. But that's exactly what the Chinese EV maker is attempting to do with the launch of its Onvo L60.Let's see what this c ...