Onvo Fei Shen
Image Credit: Onvo

Onvo Chief Hints at Higher L60 Price, Cites Upgrades and Rising Costs

Onvo opened pre-sales for the refreshed 2026 L60 on Friday, unveiling a substantially upgraded midsize SUV ahead of a June 11 official launch.

Test drives begin June 6, with deliveries starting the same day as the launch event.

The 2026 refresh is the second update to the L60 since the model’s original debut in September 2024.

Onvo released a minor facelift in September 2025, which management itself described as such, adding new wheel choices, additional interior color schemes, a gold exterior paint option, and marginally improved efficiency.

The 2026 model is a substantially deeper overhaul, with changes spanning assisted driving hardware, the operating system, battery specification, chassis, and cabin.

Onvo did not reveal a pre-sale price for the model, instead directing buyers to a promotion under which a 1,000-yuan deposit can be applied as a 3,000-yuan discount on the final purchase price.

While several users speculated that the new model would be priced the same as the previous version, brand chief Fei Shen hinted that the updated L60 will likely cost more than the current one.

According to automotive blogger ‘billy电车日记’ on Weibo, Shen addressed the pricing question directly, saying that “pricing is quite difficult to determine,” as the configuration “has been upgraded.”

The brand chief noted that “things like the TV, refrigerator, and LiDAR have all been added. The cost of those features alone has increased by at least 20,000 yuan.”

However, it isn’t only the upgrades that could be adding to the final price of the model.

“On top of that, raw material costs are also rising, so the new model will most likely be priced a bit higher than the current version,” he told users. “As for exactly how much higher, that hasn’t been decided yet. We’ll let everyone know on June 11.”

Onvos L60 currently starts at 206,900 yuan ($30,500) with the battery pack included, or 149,900 yuan ($22,100) under Nio‘s Battery-as-a-Service scheme.

The comment marks a contrast with how Onvo handled the L90 refresh: when the revamped L90 launched in April, its starting price was held unchanged at 265,800 yuan despite the addition of LiDAR and a new chip.

106 Upgrades

Onvo describes the refresh as encompassing 106 improvements across assisted driving, the operating system, exterior design, rear passenger comfort, powertrain efficiency, chassis dynamics, and safety.

The headline hardware change is the addition of LiDAR, a reversal of the vision-only approach the sub-brand had promoted since the original L60 debuted.

The refreshed model pairs LiDAR with Nio‘s in-house Shenji NX9031 chip in one trim, while a second trim runs the chip in a pure-vision configuration.

Every unit comes standard with the assisted-driving indicator light on the exterior mirrors, carried over from the main Nio brand.

The Shenji NX9031 is described as a world-first automotive-grade 5nm assisted-driving chip, with the brand claiming leading SoC inference compute, memory bandwidth, and perception-information processing in its class.

It runs the latest version of Nio‘s World Model, which Onvo says is the first assisted-driving world model in China to apply reinforcement learning combined with closed-loop simulation.

The software update adds campus-area navigation and extends capability in complex environments including dense roundabouts, narrow intersections, and high-density flows of non-motorized vehicles.

The six-domain SkyOS Tianshu operating system debuts on the L60 in this generation, enabling synchronized front and rear dual-screen playback, a 50% reduction in AEB end-to-end latency, and standby power consumption low enough to maintain charge for over 1,200 days.

The 2026 L60 standardizes the 85 kWh ternary lithium battery pack across trims — 116mm thick, 440kg, with an energy density of 193.2 Wh/kg — built on a full 900V high-voltage architecture.

CLTC range is rated at 740km with energy consumption of 11.9 kWh/100km, which Onvo claims is first in class.

It also holds five-star ratings under both the 2024 C-NCAP and 2024 C-GCAP programmes.

Brand Under Pressure

Onvo launched the L60 in September 2024, with the three row L90 following nearly a year later.

The sub-brand delivered 107,808 vehicles in 2025, its first full year on the market, but momentum has softened in 2026.

Onvo recorded 18,691 deliveries in the first four months of the year, down 2.55% year-on-year, even as April’s 5,352 units marked a 21.64% improvement from a year prior.

Nio Inc. has been reshaping its retail network in parallel, closing nine main-brand showrooms in the first quarter while adding ten Onvo stores.

Founder and CEO William Li has identified Onvo as the brand he expects to eventually account for 55% of the group’s total sales — under a long-term 35-55-10 brand mix across Nio, Onvo, and Firefly.

In the first four months of 2026, Onvo contributed roughly 16.6% of group volume.

The updated L60 arrives alongside a packed launch calendar.

After the revamped L90 launched April 21, the brand opened pre-sales for the five-seat L80 on April 28 and launched it on May 15, at a starting price of 242,800 yuan.

According to management, pre-order interest in the L80 outpaced the L90’s early pace.

Matilde is a Law-backed writer who joined CARBA in April 2025 as a Junior Reporter.