Onvo, the family-oriented sub-brand of the Shanghai-based EV maker Nio, launched on Thursday its debut model, the L90.
The SUV, which had been pre-launched earlier this month, is available in both six-seat and seven-seat configurations, with a five-seat variant — named L80 — is expected to be launched in the next quarter.
Prices for the entry-level variant start at 265,800 yuan ($37,035) when acquiring it together with the 85kWh battery pack.
For customers opting to lease the battery via Nio’s Battery-as-a-Service (BaaS) program, the purchase price begins at 179,800 yuan ($24,990).
The L90 offers 4,195 mm of effective cabin length, 670 litres of storage space, and a 240-litre front trunk, which the company says is the largest among vehicles in the Chinese market.
Nio also claims the two-wheel-drive variant achieves”a class-leading energy consumption of just 14.5 kWh/100 km” under China’s CLTC cycle.
Deliveries of the six seat configuration will begin tomorrow, August 1, while deliveries of the seven-seat version are planned to start in late September.
Li said earlier this week the surpassing first-month delivery record for a new Chinese EV model was 7,058 units, set by the Xiaomi SU7 in April 2024 saying, “That target seems achievable.”
The Onvo L90 features a 35-inch augmented reality head-up display, a 17.2-inch 3K central touchscreen, a 17.3-inch ceiling-mounted screen, and an 8-inch rear display.
The SUV is built on a 900V electric platform and is available in rear-wheel and all-wheel drive variants.
The rear motor is the same unit used by Nio’s flagship sedan, the ET9, and produces up to 340 kW, while the dual-motor all-wheel drive version has a combined output of 440 kW.
The estimated driving range under China’s CLTC testing cycle with the larger 85kWh battery is 605 km for the rear-wheel drive model and 570 km for the all-wheel drive version.
Late last year, the brand set a target of delivering 16,000 vehicles in January 2025 and 20,000 in March.
However, sales remained well below the goal and the brand’s chief Alan Ai left the company on the first day of April.
In June, the brand delivered 6,400 vehicles, marking its best monthly result this year and second only to its launch month last September.
Nio’s management aims for Onvo to deliver 25,000 monthly units in the fourth quarter of the year, which would represent a growth of over 300% when compared to second quarter figures.
“Built on Nio’s decade-long technological innovation, the Onvo L90 embodies profound insights into Chinese families,” the company’s chief William Li said at the pre-launch event.
“This segment-defining product fulfills every criterion for large families in pursuit of a spacious, three-row SUV,” the CEO added.
