- The first model from Nio’s mass-market brand will be compatible with the marque’s battery-swapping technology.
- Nio is expected to sell the Onvo L60 in Europe, although pricing isn’t known.
- A second battery pack for the SUV will be supplied by CALB.
The first model from Nio’s mass-market Onvo brand will serve as a rival to the Tesla Model Y and use batteries sourced from BYD.
The first model from this brand, known as the L60, will be offered with two battery packs. The entry-level one is tipped to be a 60 kWh lithium iron phosphate unit supplied by BYD subsidiary FinDreams. A second battery pack, which could be either 85 kWh or 90 kWh, will be provided by CALB, which already serves as an important Nio supplier.
Read: Nio Is Launching Its 150 kWh Semi-Solid State Battery In June But It Can Only Be Rented
Nio originally planned to produce batteries for the Onvo brand in-house but ditched these plans in December to cut costs, Reuters reports.
Several Onvo L60 prototypes have been spied in recent months and photos of an uncamouflaged prototype also surfaced on Chinese social media site Weibo in March. The overall shape and proportions of the L60, as well as the rear hatch design, are similar to the Tesla Model Y. There’ll be no confusing the two from the front end, however, as the Nio rocks split LED headlights.
Chinese reports suggest Nio is determined to make the L60 more energy efficient than the Model Y and will use a 900-volt electrical architecture. It is also expected to utilize a new generation of electric motor designed and developed in-house. While the car’s battery packs will be sourced from external suppliers, the L60 should still support the brand’s battery-swapping technology.
Prices for the Onvo L60 have not been announced, although some sources suggest it could start at around 220,000 yuan (~$30,500). Customers who opt for the battery subscription service could benefit from a lower starting price of just 170,000 yuan (~$23,550).
While the L60 will initially be sold exclusively in China, Nio is expected to offer it in Europe as part of its ongoing expansion across the Old Continent. However, a U.S. launch is highly unlikely.
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