Overview

• The Onvo L60, NIO's sub-brand electric SUV, reached 20,000 cumulative deliveries in just 100 days since its September 28 launch in China.
• With a starting price of $21,000 (battery rental model), the L60 significantly undercuts rivals like Tesla's Model Y in the Chinese market.
• December deliveries are on track to surpass 10,000 units, marking the L60's highest monthly total and closing in on NIO's premium brand sales figures.
• Production is set to double from 10,000 units in December to 20,000 units per month by March 2025, supported by expanded battery supply partnerships.
• NIO plans to launch the L60 in the UK in early 2025, with broader international expansion targeting 25 countries by the end of 2025.