Chinese EV-maker Nio will unveil its first mass-market car in May, executive says

Nio plans to unveil a second smaller EV to be sold in Europe next year for less than $30,000.

China’s premium electric vehicle maker Nio is on track to unveil a new model under a mass-market brand by the end of this month and a second smaller EV to be sold in Europe next year for less than $30,000, a senior executive told Reuters on Monday.