Onvo

Onvo's president met Nio's management in 2015 and joined Nio in January 2021 to work on creating Onvo's team.

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.

Nio CEO William Li rejected a vehicle design that had existed for six months for lower energy consumption.

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.

Onvo's first model, the Onvo L60, will take on the Tesla Model Y, targeting the RMB 250,000 segment of the family-centric smart all-electric vehicle market, Nio said.

Nio will officially launch sub-brand Onvo on May 15, with the new brand's first model to go on sale in the third quarter and deliveries to begin in the fourth quarter, according to local media.

This is the first time the side of the Onvo L60 has been seen in its entirety without camouflage, showing that the model looks somewhat similar to Nio's coupe SUV model, the EC6.

BYD has been renovating its battery pack production lines in Anhui province and will supply smaller a battery pack for a version of Onvo's new EV, according to Reuters.

Onvo's website address is onvo.cn, and the text in the center of the page reads "First model L60, stay tuned."

The head of the Onvo brand is Ai Tiecheng, a senior vice president at Nio who was previously general manager of WeWork Greater China.