Nio’s co-founder and CEO William Li said that people who are considering buying Tesla Model Y should wait for Nio’s new model because it will be cheaper. Not content with this, the Chinese manufacturer continues to refer to Tesla. According to local media reports, the prototypes tested on the roads have a “Better than Model Y” sticker on the rear window.
There had been news that the model, previously known as Alps DOM, would be built on Nio’s third generation platform NT 3.0. An electric motor developed by Nio will be used in the entry version of the model, which will be offered with two different battery options: 60 kWh and 90 kWh. The vehicle, which will also have a four-wheel drive version, will also have a battery replacement function like Nio’s other models.
There is no specific release date for Nio’s new model, but it is expected to be officially introduced this year.
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