Nio launches sub-brand Onvo

Nio is also considered a not quite inexpensive premium brand in China, which keeps the numbers in check. That's why they are now launching "Onvo": positioned as more affordable and family-friendly. The L60 is intended to compete with the Tesla Model Y – even more so, as according to CNV Post, many Tesla store managers have been poached in China for the Onvo hubs.

The technology is state-of-the-art, meaning: The Onvo L60 uses a 900-volt architecture. On the other hand, they remain modest with the batteries: The basic battery pack has a capacity of 60 kWh and allows a CLTC range of 555 kilometers, although realistically it will be more like 300. The long-range version boasts 85 kWh and offers a CLTC range of 730 kilometers; realistically, we expect 400 to 450.

Briefly on the performance: The single-motor variant with rear-wheel drive has a peak power of 240 kW and a maximum torque of 305 Nm, accelerating from 0 to 100 km/h in 5.9 seconds. The dual-motor variant has a combined peak power of 340 kW and a peak torque of 440 Nm. It is said to accelerate from 0 to 100 km/h in 4.6 seconds.

Optically, the Onvo does not differ significantly from the Nio models: it also offers a lot of space inside, clean craftsmanship, and a very minimalist design. One has to question where the customer has to make big compromises. The positive answer: in the price!

Because the Onvo L60 starts in China, including the battery, from 206,900 Yuan (that's just around 26,000 Euros). The Tesla Model Y currently starts there from 249,900 Yuan (around 32,000 Euros), and the ET only from 298,000 Yuan (almost 38,000 Euros). Optionally, the Onvo L60 can also be purchased without a battery for prices starting at 149,900 Yuan (around 19,000 Euros). Depending on the size of the battery, it can then be rented from 599 Yuan (around 75 Euros) per month.