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NIO undercuts Tesla Model Y with new $30,000 L60 EV, kicking off cheaper Onvo brand
Introducing the NIO Onvo L60
NIO has launched the first EV under its new mass-market Onvo brand,
the Onvo L60 electric SUV, which will rival Tesla’s best-selling Model Y
at a cheaper starting price of just $30,500 (219,900 yuan).
Competitive Features and Pricing
The Onvo L60 has a pre-sale price of $30,500 (219,900 yuan)
and offers better energy consumption compared to the Tesla Model Y under the same CLTC conditions.
It also comes with three battery pack options, offering up to 1,000 km (621 mi) CLTC range.
NIO Onvo L60 vs Tesla Model Y
The Onvo L60 directly rivals the Model Y in terms of size and range,
while undercutting the Model Y's starting price in China.
NIO's New Mass-Market Electric SUV
NIO's new mass-market electric SUV, equipped with NIO’s in-house 900V platform,
is expected to feature ultra-fast charging capabilities
and will provide access to NIO’s expanding battery swap and public fast charging network.
Stay tuned for more updates as NIO’s new mass-market Onvo brand hits the market.
Let us know your thoughts in the comments below.
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