NIO Inc., a leader in the premium smart electric vehicle market, has unveiled its second brand, ONVO, and its first model, the L60, on May 15, 2024, in Shanghai, China. ONVO, which stands for 'On Voyage' and translates to 'Path to Happiness' in Chinese, is focused on family-oriented smart electric vehicles. The brand's debut coincided with the International Day of Families and took place at the West Bund in Shanghai. The L60 is a mid-size SUV designed with family needs in mind, offering a spacious cabin, advanced safety features, and efficient energy consumption at 12.1 kWh per 100 km. It also boasts the world's lowest drag coefficient for a production SUV at 0.229. NIO's R&D investments have endowed ONVO with competitive...Show More

NIO Inc., a leader in the premium smart electric vehicle market, has unveiled its second brand, ONVO, and its first model, the L60, on May 15, 2024, in Shanghai, China. ONVO, which stands for 'On Voyage' and translates to 'Path to Happiness' in Chinese, is focused on family-oriented smart electric vehicles. The brand's debut coincided with the International Day of Families and took place at the West Bund in Shanghai. The L60 is a mid-size SUV designed with family needs in mind, offering a spacious cabin, advanced safety features, and efficient energy consumption at 12.1 kWh per 100 km. It also boasts the world's lowest drag coefficient for a production SUV at 0.229. NIO's R&D investments have endowed ONVO with competitive advantages in various areas, including R&D, supply chain, manufacturing, and sales networks. The L60, which is now available for pre-orders in China, is set to officially launch in September 2024 at a presale price of RMB219,900. It features NIO's industry-leading 900V high-voltage architecture and benefits from the company's 'Chargeable, Swappable, Upgradable' power solution, aiming to reduce total lifecycle ownership costs. NIO Inc. continues to innovate with technologies such as battery swapping and its Battery as a Service (BaaS) model, as well as NIO Assisted and Intelligent Driving.