12:44, Sun, Jun 1, 2025 | UPDATED: Nio's Onvo L60 looks identical to the Tesla Model Y (Image: Getty) Chinese electric car manufacturers have released their own version of the popular Tesla Model Y, with the model available for thousands of pounds less. Last Spring, Chinese EV brand Nio launched its new budget marque, Onvo, for the first time. At the brand’s launch they also pulled the covers of their first EV, known as the Onvo L60, the model bears a striking resemblance to Tesla’s Model Y. From the outside, the differences are almost unrecognisable with experts even describing the machine as a possible “Tesla killer”. The Onvo L60 is listed at 219,900 yuan ($30,465, £23,990). It makes the brand-new model more than 10% cheaper than the Tesla Model Y in Asia which is available for around 249,900 yuan. Article continues below