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.

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