Nio’s sub brand Onvo just announced its price today.
Without battery, price is 150k rmb, or ~$20k.
If doubling the price due to tariff to $40k, that is still competitive in the US.
Model 3, ID.4 is around that price range in the US (excl. credit).
If counting US gov subsidy, that’s $7.5k price advantage for US-made EV. But this subsidy won’t be here forever.
The point is, even with 100% tariff, it’s not entirely unaffordable for Chinese EV brands.