NIO's Onvo L60 Delivers 20,000 EVs in 100 Days, Poised to Reshape Market

The affordable electric SUV has achieved rapid sales growth in China, with plans for expanded production and international launches.

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.