Nio brand Onvo second model to be larger SUV plus plans for the brand going forward. Sales already above expectations.
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Category: Onvo L60
Li said this in response to a question about Nio's sales expectations for Onvo's first model, and used English when referring to 'P&L'.
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The version witohut battery will be about 50,000 yuan cheaper.
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Nio significantly enlarged the main central control screen.
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Deutsche Bank expects the Nio main brand and the Onvo brand to launch a total of six new products in 2025, realizing 300,000 unit sales.
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Onvo has begun pre-sales of the L60 at RMB 219,900 ($30,440), RMB 30,000 less than the Tesla Model Y. The L60 will hit the market and begin deliveries in September.
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Onvo L60 has an energy consumption of 12.1 kWh/100km.
The post Nio launches mass-market brand Onvo, L60 SUV-coupe starts at 30,500 USD with has lower energy density than Model Y appeared first on CarNewsChina.com.
Onvo's president met Nio's management in 2015 and joined Nio in January 2021 to work on creating Onvo's team.
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The designer of the Onvo L60 is Onvo's head of global design, Raul Pires, who has more than 20 years of design experience with Volkswagen, designing several Bentley models.
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Nio CEO William Li rejected a vehicle design that had existed for six months for lower energy consumption.
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