- Onvo has seen a significant increase in production capacity this month, the brand’s president said.
- Onvo’s other SUV, the L90, is poised to surpass 10,000 deliveries for three consecutive months.
Onvo, the mass-market sub-brand of Nio Inc (NYSE: NIO), has begun delivering its updated L60 SUV (sport utility vehicle) in China following its launch last month.
Onvo announced the progress in a WeChat post today, saying that the SUV’s interior space exceeding competitors, support for battery swap, and value for money are key factors driving customer purchases.
Onvo reached the milestone of 100,000 deliveries last weekend, with production capacity seeing a significant increase this month, the brand’s president Shen Fei said on Weibo today.
Onvo is accelerating deliveries at full throttle, Shen said.
The Nio sub-brand launched the updated L60 on September 19, the SUV’s one-year anniversary since its market entry.
Pricing for the updated L60 remains unchanged, with multiple experience enhancements across energy efficiency, range, smart cockpit, and comfort.
Its starting price remains at RMB 206,900 ($29,050) including the 60-kWh standard-range battery pack. Under the BaaS (Battery as a Service) plan, the starting price is still RMB 149,900, with monthly battery rental fees starting at RMB 599.
On October 18, Onvo reached the milestone of 100,000 vehicle deliveries, about one year after the brand’s initial deliveries began.
Over recent months, Onvo has focused on delivering its flagship L90 SUV, which yesterday reached its 30,000th unit delivered.
The L90 is poised to surpass 10,000 deliveries for three consecutive months, Onvo said yesterday.
($1 = RMB 7.1216)
The updated L60 remains unchanged in pricing while bringing optimizations in energy efficiency, range, and comfort.
