Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Bruised and battered Tesla is still hanging onto a hefty slice of the global electric vehicle market, but the competition is heating up, and the Chinese firm Nio aims to be front and center. The company has just made good on its promise to launch the affordable L60 SUV this year under its Onvo brand with battery-swapping available, a technology that Tesla once favored but has since fallen out of love with.