BaaS

Chery Shatters Steel Records as NIO Onvo L90 Hits Roads

Chery and HBIS smashed the 2400 MPa hot-formed steel record, topping Xiaomi's 2200 MPa for superior EV safety structures. NIO's Onvo L90 Black Knight Edition launched deliveries at $31,060 via BaaS, offering 590 hp and 570 km range in a limited 999-unit run. These moves cement China's lead in EV materials and affordable luxury amid rising global competition.