Onvo L60 production capacity is expected to reach 10,000 units in December, at least 16,000 units in January and 20,000 units by March, William Li said.
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Category: Nio Onvo
That's because all upcoming Nio-branded products will come from NT 3.0 technology, which not only offers superior performance but also outstanding cost savings, Deutsche Bank said.
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Nio's sub-brand Onvo has officially launched its first model, the L60, which is priced much lower than the Tesla Model Y, but brings more interior space and better features.
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Onvo currently has 180 store managers in China, 40 percent of whom are from Tesla and 27 percent from Li Auto, an executive said.
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The L60 launch event will begin at 7:30 pm Beijing tme (7:30 am US Eastern time) on September 19 and will be streamed live online on Onvo's social media channels.
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While we await Tesla to very gently update the Model Y, Nio has put everything it can into the Onvo L60, while keeping the price reasonable.
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Deutsche Bank expects the Nio main brand to launch four new products and sub-brand Onvo to launch two new products in 2025.
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Nio Onvo to launch the L60 in Hefei, Anhui province on September 19, targeting 20,000 unit deliveries within this year.
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Nio Onvo to launch the L60 in Hefei, Anhui province on September 19, targeting 20,000 unit deliveries within this year.
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Nio sub-brand Onvo's first 105 stores opened today, and for the first time, general consumers will be able to closely experience the brand's first model, the L60.
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