Nio is currently working on the launch of new car brands, that would be less premium, still obviously 100% electric, and more suited for the European market needs. - Nicolas Vincelot, general manager for France
Onvo is one of two sub-brands the loss-making EV maker is launching. The second, developed under the code name Firefly, is developing smaller EVs intended for city driving that are expected to be priced under $30,000. - Nicolas Vincelot
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