Written by Cláudio Afonso | LinkedIn | X
Nio’s sub-brand Onvo has begun delivering the long-range version of its L60 SUV, featuring an 85-kWh battery, the company announced in a Q&A shared on its app. Targeting the family segment, Onvo had stated in September that it planned to commence deliveries of the long-range variant, priced at 235,900 yuan ($32,450), in December.
Deliveries of the standard-range version, which features a 60-kWh battery, began in late September. The brand, which was unveiled in May, delivered 10,233 units of the L60 between its launch and the end of November.
“The L60 offers two battery options: Standard Range (60 kWh) and Long Range (85 kWh), with a range exceeding 730 km. Deliveries of the long-range version began this month,” Onvo said.
The brand added that “for daily city commutes or school runs, the 60 kWh battery is recommended” while for “frequent intercity business trips, the 85 kWh battery may be more suitable.”
As seen within the Nio brand, Onvo will also allow customers to upgrade the vehicle’s battery when needed. “Users with the 60 kWh option can also upgrade their batteries for occasional long-distance travel, with details to follow soon.”
Onvo had set a target to deliver 5,000 units of the L60 in October, its first full month of production, but fell short, delivering 4,319 units. Production constraints stemmed from limited battery supply by BYD, which could only provide 5,000 to 6,000 units per month, Citi analyst Jeff Chung said last week, citing information from Nio’s management.
Starting from last week, CATL has begun supplying batteries to Onvo, with an initial monthly capacity of 6,000 to 8,000 units in December. Chung noted that CATL’s supply is expected to scale up to 14,000 units per month.
In November, Onvo increased deliveries by 17.6% to 5,082 vehicles and is now targeting 10,000 in December.
Written by Cláudio Afonso | LinkedIn | X
