Nio’s Onvo updates its L60 SUV
SHANGHAI — Nio’s mass-market Onvo brand has launched an updated version of its L60 sport utility vehicle, cutting the starting price even as it adds new driver-assistance hardware and the company’s own smart-driving chip.
The refreshed Onvo L60 starts at 192,800 yuan, or about $28,440, with the battery included. That is 6.8% below the previous starting price of 206,900 yuan. Deliveries are scheduled to begin June 12.
The move reflects the pressure facing electric vehicle makers in China, where intense competition has pushed companies to add features while holding down prices. Nio has said the updated L60 costs more to build than the earlier model, making the price cut notable in a market already shaped by discounts and rapid product cycles.
The updated L60 is offered in three versions: Pro, Max+ and Ultra+. Prices with the battery included are 192,800 yuan, 202,800 yuan and 222,800 yuan, respectively. Under Nio’s battery-as-a-service rental plan, which separates the battery from the vehicle purchase, starting prices fall to 135,800 yuan, 145,800 yuan and 165,800 yuan.
Lower price, more technology
Onvo says the SUV has received 106 upgrades. The most important change is the introduction of Nio’s Shenji NX9031, a 5-nanometer automotive-grade chip developed in-house. The chip appears on the Max+ and Ultra+ models and is paired with Nio’s World Model architecture to support more advanced assisted-driving functions, including point-to-point navigation assistance and autonomous entry and exit at battery swap stations.
The entry Pro version continues to use a vision-only system powered by Nvidia’s Orin-X chip. The higher-end versions add LiDAR, giving Onvo a broader range of driver-assistance configurations as it tries to appeal to buyers comparing smart-driving features across Chinese EV brands.
The L60 is built on a 900-volt high-voltage platform. It supports battery swaps that take about three minutes and can charge from 10% to 80% in 25 minutes. The standard 60-kilowatt-hour battery provides up to 560 kilometers of range under China’s CLTC testing cycle. An optional 85-kilowatt-hour pack raises that figure to 740 kilometers.
The L60 was first launched in September 2024 as Onvo’s debut model and was positioned against Tesla’s Model Y, one of the best-known electric SUVs in China. The updated version arrives as Onvo tries to maintain stronger sales after recent launches of larger SUVs, including the L80 and L90.
Onvo delivered 12,029 vehicles in May, a sharp increase from April and from the same month a year earlier. Parent company Nio delivered 37,705 vehicles in May, its strongest monthly total of the year so far.
The company is also leaning on its charging and swapping network as a selling point. As of June 11, Onvo vehicles had access to 2,553 battery swap stations in China. The brand says it wants to expand that number to more than 3,300 by the end of 2026.
To draw early buyers, Onvo is offering purchase benefits for customers who lock in orders by June 30. The package includes discounts on optional features, financing incentives and five years of free access to smart-driving assistance.
Onvo also plans a major July update to its Coconut operating system across all models. The update is expected to include improvements to smart-driving assistance, the AI cockpit and system performance.
