The L60 launch event will begin at 7:30 pm Beijing time (7:30 am US Eastern time) on September 19 and will be streamed live online on Onvo's social media channels.
Onvo, a sub-brand of Nio (NYSE: NIO), has announced the start time for the L60 launch event, with its first model just days away from hitting the market.
Onvo's L60 launch event will begin at 7:30 pm Beijing time (7:30 am US Eastern time) on September 19, the brand announced yesterday.
The L60's launch event will be streamed live online on Onvo's social media channels, including Weibo and WeChat.
The Onvo L60 made its debut on May 15 and became available for pre-order at a pre-sale price of RMB 219,900 ($31,000) including the battery, which is RMB 30,000 less than the current starting price of Tesla's (NASDAQ: TSLA) Model Y in China.
The model will be priced a bit lower at its official launch than it was at pre-sale, Nio founder, chairman and CEO William Li said during a September 5 earnings call.
Li also mentioned at the time that Onvo will formally roll out the L60 on September 19, with deliveries set to begin in late September.
The first production vehicle of the Onvo L60 rolled off the assembly line on August 15, and it was delivered to Xia Qinghua, who heads Onvo's user operations and service operations.
Xia embarked on a 36-day, 20,000-kilometer long-distance journey in the car on the same day he got the car to further validate its performance.
As of September 13, Xia's journey came to day 29, with 15,866 kilometers driven, and the vehicle's combined energy consumption at 12.1 kWh per 100 kilometers, according to data released by Onvo yesterday.
Nio is targeting 20,000 deliveries of the Onvo L60 during this year, including 10,000 in December, the company's management said on the September 5 earnings call.
The company aims for Onvo L60 deliveries to reach 20,000 units in a single month sometime in 2025, according to its management.
($1 = RMB 7.0937)
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