China’s NIO (NYSE: NIO) has a new secret weapon it’s about to unleash. After launching the first model of its new affordable EV brand Onvo, NIO says the upcoming electric SUV will be “much more competitive.”
NIO made a statement after launching the Onvo L60 last month, starting at just over $21,000 (149,900 yuan).
The electric SUV undercuts top-selling rivals, including Tesla’s Model Y, which starts at about $35,000 (249,900 yuan) in China.
Although the $21,000 price tag is for the battery subscription model, even with the battery included, NIO’s new electric SUV starts at roughly $29,000 (206,900 yuan).
After the first Onvo model was delivered on September 28, NIO announced it had delivered 832 models in just three days. The new EV helped push NIO’s monthly sales over 20,000 for the fifth consecutive month.
Despite the success, NIO believes the second Onvo electric SUV will be an even bigger growth driver.
“If you think the L60 is good, then this new model is a much more competitive product,” NIO’s CEO William Li told CnEVPost during the L60’s launch.
NIO Onvo L60 launch event (Source: NIO
NIO Onvo’s second electric SUV is coming soon
Li said Onvo will launch one new model every year. This year, it was the L60. Next year, NIO is expected to release a new mid-to-large-size electric SUV.
NIO’s CEO said the new electric SUV will be revolutionary and offer even more surprises. Deliveries are scheduled for Q3 2025.
NIO Onvo L60 electric SUV (Source: Onvo)
According to a new local report (via CnEVPost), the new Onvo EV could hit the market sooner than expected. The report from Leiphone claimed the second Onvo model will be a six- or seven-seat electric SUV that’s expected to debut by the end of Q1 2025.
Although a delay is possible, the report said deliveries could happen as soon as May 2025. Citing sources familiar with the matter, the Onvo L60 is just a “stepping stone” with more promising EVs on the way.
NIO Onvo L60 interior (Source: Onvo)
The source claimed Onvo’s second electric SUV will include a six-seat version starting under $42,100 (300,000 yuan).
Including the battery rental model, with two new electric models due out next year, NIO will offer prices between $20,000 (140,000 yuan) and $31,000 (220,000 yuan).
NIO Onvo L60 vs Tesla Model Y trims
Range (CLTC)
Starting Price
NIO Onvo L60 (Battery rental)
555 km (341 mi) 730 km (454 mi)
149,900 yuan ($21,200)
NIO Onvo L60 (60 kWh)
555 km (341 mi)
206,900 yuan ($29,300)
NIO Onvo L60 (85 kWh)
730 km (454 mi)
235,900 yuan ($33,400)
NIO Onvo L60 (150 kWh)
+1,000 km (+621 mi)
TBD
Tesla Model Y RWD
554 km (344 mi)
249,900 yuan ($34,600)
Tesla Model Y AWD Long Range
688 km (427 mi)
290,900 yuan ($40,300)
Tesla Model Y AWD Performance
615 km (382 mi)
354,900 yuan ($49,100)
NIO Onvo L60 vs Tesla Model Y in China
The source said the new mid-to-large Onvo electric SUV will be key to ramping sales next year. Although not expected to be as big of a hit, Onvo’s third model is expected to be a sedan. It’s reportedly due out in the second half of 2025.
On the company’s earnings call last month, Li said NIO aimed for Onvo L60 deliveries to reach 20,000 in a single month sometime next year.
At 4,828 mm long x 1,930 mm wide x 1,616 mm tall, the L60 is a direct rival to the Tesla Model Y (4,750 mm long x 1,921 mm wide x 1,624 mm tall). However, with a longer wheelbase (2,950 mm vs. 2,890 mm), the L60 features more interior space.
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Save space and gain utility in your commute with Aventon’s Sinch 2 folding e-bike while at its $1,399 low
As part of its ongoing Labor Day Sale running through September 3, Aventon is still offering folks the chance to hop aboard its Sinch 2 Folding e-bike at $1,399 shipped. Missing out on this deal means you’ll likely be paying $1,699 when it reverts to its full price, which we’ve mostly seen dropping to $1,499 over the last year, though its been more regularly falling back to the $1,399 low since the launch of its upgraded Sinch 2.5 descendant. You’re looking at a $300 markdown while the sale lasts, giving you another opportunity to score the brand’s most popular space-saving model at the best tracked price.
As the name implies, Aventon’s Sinch 2 e-bike is the brand’s second-generation evolution of its space-saving folding legacy commuter, which is a handy convenience for folks that have limited storage space. It’s been given a 500W rear hub motor (that peaks at 1,056Wh) paired with a 672Wh battery to provide you with up to 55 miles of pedal-assisted travel (four levels supported by a torque sensor) at up to 20 MPH top speeds.
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There’s added utility alongside commuting needs with its stock features, which include a rear cargo rack for grocery and errand running, as well as the integrated front and rear lighting that sport turn signal functionality, an 8-speed derailleur, fenders to go over both 20 by 4-inch tires, an LCD smart “easy read” display, and more.
Bring home Autel’s MaxiCharger 40A level 2 EV charging station that comes with an RFID security card for $399
Through its official Amazon storefront, Autel is offering its MaxiCharger 40A Level 2 EV Charger at $399 shipped in black or white colorways. This at-home charging station usually fetches $470 at full price, though we’ve regularly been seeing it drop to $399 for Prime members, with today’s deal opening up to non-members, as well. While we have seen it fall to $373 (back during October’s Prime Day event) and the one-time $352 low during Memorial Day sales, you’re still looking at a solid $71 markdown that lands it at the third-lowest overall price we have tracked and the second-best price of 2025.
Make up to 300 cuts with EGO’s 56V 18-inch cordless chainsaw and a 5.0Ah battery at a new $249 low
Amazon is now offering its best rate yet on the EGO Power+ 56V 18-inch Cordless Chainsaw with 5.0Ah battery at $249 shipped. This cordless tool usually fetches $399 outside of discounts, which we’ve seen go as low as $300, though that rate hasn’t reappeared since first popping up in the October 2024 Prime Day event. In 2025 things have only dropped between $349 and $329 regularly and as low as $320 during July’s Prime Day event, with the deal we’re seeing here today coming in as a larger-than-ever 38% markdown that slashes $150 off the going rate for the lowest price we have tracked.
Keep up to five devices running with UGREEN’s Nexode 48,000mAh 300W power bank at $102 + more
By way of its official Amazon storefront, UGREEN is offering its Nexode 48,000mAh Portable Charger/Power Bank Station at $101.99 shipped. You’d normally have to pay $170 for this larger charging solution at full price, though Prime members have been getting the opportunity to grab it at $120 and $113 rates over the last few months, alongside occasional dips lower to $107 and $102 – the latter of which is what we saw it priced at for July’s Prime Day event. You’re looking at a 40% markdown here, which cuts $68 off the going rate for the second-best price we have tracked – just $2 above the one-time low we saw at the end of March.
Through the rest of the day you can score Fremo’s 6.2-pound TP300 power station at a new $150 low
As part of its Deals of the Day, Best Buy is offering the Fremo TP300 Portable Power Station at $149.99 shipped. This unit normally goes for $270 at full price, which is similar to what you’d be paying for Bluetti’s latest Elite 30 V2 power station that currently goes for $299 for non-Prime members. Over the year, we’ve seen discounts take the costs down as low as $160, primarily in these one-day-only Best Buy sales. You’re looking at a larger-than-ever 44% markdown for the rest of the day, giving you $120 in savings on a compact backup power solution as it lands at a new all-time low price.
Navee GT3 Max Smart Electric Scooter (code SCHOOL15): $561 (Reg. $750)
Best new Green Deals landing this week
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
Tesla’s sales have surged to unprecedented levels in Turkey, where the American automaker delivered nearly as many vehicles last month as it did across the entire European market.
It occurred because Tesla managed to take advantage of a loophole that has now been patched.
Turkey has a consumption tax rate (ÖTV) that varies depending on the type of car.
Earlier this year, they reduced the tax rate to 10% for EVs with a power output of less than 160 kW.
The American automaker software-locked the base Model Y RWD to just 160 kW of power to qualify for the lower tax rate. This significantly reduced the price and resulted in a surge of orders.
Tesla delivered 8,730 Model Y vehicles in Turkey in August, which was roughly equivalent to the total it delivered in a whole previous year in the country and comparable to about Tesla’s entire sales in Europe last month, following an approximately 40% decrease in sales.
Year-to-date, Tesla’s sales have now surpassed both previous full years combined:
However, Turkey has now patched the loophole. In July, the government announced that it would raise the base tax rate to 25% by the end of the month, but buyers could still take advantage of the tax rate if they had an invoice before then.
This resulted in a surge in demand for Tesla vehicles in Turkey, as evident in the August delivery results.
The demand was pulled forward, and Tesla is likely going to see sales slow down for the rest of the year.
That said, Tesla should still see demand settle higher than in previous years, as the OTV previously was as high as 60%.
Electrek’s Take
There has always been a strong demand for Tesla and electric vehicles in Turkey.
Back before Tesla officially entered the market, local EV enthusiasts were privately importing Tesla vehicles.
In the picture above, local early Tesla adopters in Turkey were begging the automaker to establish local service and Superchargers to support the community.
I believe there’s strong demand for Tesla vehicles in Turkey, but this specific surge is due to Tesla finding a loophole in the tax incentive, and the loophole has now been patched.
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The Kia vehicles we see on the road today are a drastic upgrade from its older models. After a major rebrand, including a new logo, name, and a bunch of sleek EVs, Kia is winning over buyers.
Kia revamps the brand with new EVs, designs, and more
It’s no longer Kia Motors. Now, it’s just Kia. The South Korean automaker rebranded in 2021 with a new name, logo, and stylish new vehicle designs. However, the new “Kia” is much more than just an updated logo.
Kia is transitioning from just another traditional automaker to a full-on mobility company. The South Korean automaker introduced a series of new low-cost electric vehicles that are already winning over buyers in nearly every pocket of the globe.
After selling nearly 254,000 vehicles globally last month, Kia said the “robust sales” were driven by steady demand for new EVs and hybrids.
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After delivering the first models in late 2024, the Kia EV3 has quickly become a top-selling EV in several markets. In the first half of 2025, it was the most popular retail EV in the UK and ranked sixth in all of Europe.
Kia EV6 (right), EV3 (middle), and EV9 (right) Source: Kia
With the new EV4, EV5, and PV5 launching in new markets, Kia expects the run to gain momentum going into the end of the year.
Kia opened orders for the PV5, its first electric van, and EV4, its first EV sedan and hatchback, earlier this year. On Monday, it announced prices for the EV5, its Sportage-sized electric SUV, will start at £39,295 ($53,000) in the UK.
Kia EV4 models during safety testing in Europe (Source: Kia UK)
The Sportage is Kia’s global, European, and UK-wide best-selling vehicle, so many see the EV5 being what could be the brand’s biggest hit yet.
It’s already helped turn around Kia’s business in China. As it arrives in new markets, the EV5 is expected to be Kia’s top-selling EV in many of them, including Canada.
Kia EV5 (Source: Kia)
Kia is already coming off back-to-back annual sales records in Canada, but with new EVs launching, including the EV5, it expects to top it next year.
Although it has four new electric vehicles on deck, Elias El-Achhab, the vice president and chief operating officer of Kia Canada, said (via The Star), “the EV5 is the one we’re most excited about.” The compact SUV segment accounts for over one-third of all cars sold in Canada, making the EV5 a cornerstone of Kia’s growth plans.
Kia EV5 interior (Source: Kia UK)
The electric SUV will be exclusively sold in Canada in the North American market, not the US. Since it’s imported from Korea, Kia would take a significant hit from Trump’s auto tariffs if it were to sell it in the US.
In Canada, Kia expects it “to be our largest volume EV next year, and eventually our number one volume vehicle,” El-Achhab said.
Although prices have yet to be revealed, El-Achhab promises the EV5 will be “priced comparably to many of its combustion-engine equivalents but will be better equipped.”
When asked about rising car costs due to the tariffs, El-Achhab explained that “the volatility isn’t good for anyone,” but Kia is flexible enough to adjust its production accordingly. Even if Kia gets a bigger piece of the sales pie, “the pie will shrink, debt levels will go up,” Kia Canada’s vice president added, “We’d prefer not having to face that situation.”
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