Nio
Onvo will contribute positively to Nio's 'P&L' when it reaches 20,000 monthly sales, William Li says
Li said this in response to a question about Nio's sales expectations for Onvo's first model, and used English when referring to 'P&L'.
Onvo L60 likely to help Nio top 20,000 unit monthly sales, says Deutsche Bank
Deutsche Bank expects the Nio main brand and the Onvo brand to launch a total of six new products in 2025, realizing 300,000 unit sales.
Nio formally launches Onvo sub-brand, 1st model L60 to challenge Tesla Model Y
Onvo has begun pre-sales of the L60 at RMB 219,900 ($30,440), RMB 30,000 less than the Tesla Model Y. The L60 will hit the market and begin deliveries in September.
Who is head of Onvo? Nio president explains
Onvo's president met Nio's management in 2015 and joined Nio in January 2021 to work on creating Onvo's team.
China EV insurance registrations for week ending May 12: Nio 4,400, Tesla 9,800, BYD 68,500, Xiaomi 1,100
For May 1-12, Nio was 5,600, Xpeng 2,800, Li Auto 10,800, Xiaomi 2,000, Tesla 16,900, and BYD 101,300 units.
Nio Onvo's 1st official images show design of L60's lights
The designer of the Onvo L60 is Onvo's head of global design, Raul Pires, who has more than 20 years of design experience with Volkswagen, designing several Bentley models.
Onvo has prioritized low energy consumption from day 1, says Nio sub-brand chief
Nio CEO William Li rejected a vehicle design that had existed for six months for lower energy consumption.
Nio CEO picks Xpeng X9 MPV as his 1st non-Nio branded car choice in 8 years
Xpeng CEO personally delivered the Xpeng X9 MPV to Nio's William Li during his visit to Volkswagen Anhui and Nio in Hefei.
Nio Onvo's mobile app goes live, 1st promo video reveals glimpse of L60
Nio will officially launch the Onvo brand on May 15 at 7:30 pm Beijing Time, when the event will be streamed live in video.
Nio, GAC Aion's Hyper brand to interconnect charging network by end of May
Previously, companies including SAIC, Jiyue, Geely Automobile Holdings and Deepal have announced access to Nio's charging network.
