NIO (NIO) unveils ONVO

On the International Day of Families, ONVO, a smart electric vehicle brand of NIO Inc. (NYSE: NIO), made its debut at the West Bund in Shanghai. ONVO introduced its first product L60, a family-oriented smart electric mid-size SUV.

ONVO originates from “On Voyage,” and its Chinese name “Le Dao” translates into “Path to Happiness,” meaning “Happiness on Every Path We Travel With Family.” The logo of ONVO resembles an upward path, representing ONVO’s aspiration of growing with all the families on a path always going up and full of happiness. With a focus on families, ONVO is committed to creating better family life, and bringing better brand and product experiences to family users.

ONVO possesses inherent comprehensive systemic capabilities. Benefitting from NIO’s unwavering R&D investments, ONVO has already gained competitive advantages in R&D, supply chain, manufacturing, quality, battery charging and swapping network, as well as sales and service networks.

With deep insights into the real needs for family cars, ONVO’s product definition and development philosophy are set to bring happiness and good products to family users. On top of this, it has developed the Value Formula, a new standard for the family car market. With value of experience maximized and ownership costs optimized, the L60 redefines the standards for family vehicles.

Bringing joy to the whole family, ONVO relentlessly pursues maximizing the experience value for family users.

The L60 aims to provide family users with experience value in the six frequently-encountered and highly-perceivable user scenarios, including all-round safety, comfort of space, smart cabin and digital experience, driving range and ease of recharging, riding and handling, as well as assisted and intelligent driving. Adopting industry-leading 900V high-voltage architecture, with an impressive energy efficiency and the world’s lowest drag coefficient of 0.229 for a production SUV, the L60 has an energy consumption of 12.1 kWh per 100 km. The short overhangs allow for a spacious cabin. With ingenious storage design, every occupant can bring along their own luggage.

Based on NIO’s full-stack capabilities in assisted and intelligent driving, upon deliveries, the L60 aims to deliver a reliable, intuitive and hassle-free assisted driving experience nationwide in China. In addition, ONVO also shares the “Chargeable, Swappable, Upgradable” solution of NIO Power.

Managing a household wisely encapsulates ONVO's continuous exploration of reducing total lifecycle ownership costs of vehicles.

As an electric vehicle brand, ONVO offers significant savings compared to traditional ICE vehicles. Moreover, thanks to its “Chargeable, Swappable, Upgradable” power solution, the L60 offers lower maintenance and time costs that other brands cannot match.

The L60 is now accepting pre-orders in China, with a presale price of RMB219,900. Its official launch will be in September this year

You May Also Be Interested In

• NIO says addition to Pentagon's Chinese military companies list not justified
• Liberty All-Star Equity Fund appoints Loomis Sayles as new manager
• Pentagon adds Alibaba, BYD and Baidu to firms with ties to China’s military