2024 ONVO L6

• ONVO, a new smart electric vehicle brand under NIO, was introduced at the West Bund in Shanghai, signifying NIO's expansion into multi-brand development.
• The name ONVO is derived from "On Voyage" and translates to "Path to Happiness" in Chinese, highlighting the brand's focus on creating joyful family journeys.
• The ONVO L60, a smart electric mid-size family SUV, is the brand's first product, designed to provide premium quality vehicle experiences for mainstream family users.
• Preorders for the ONVO L60 start at RMB 219,900, with deliveries scheduled to begin in Q3 2024.
• William Li, NIO's Founder, Chairman, and CEO, emphasized that ONVO leverages NIO's extensive experience and resources to reach a broader user base.
• ONVO benefits from NIO's R&D investment of over RMB 43 billion in 12 full-stack technology capabilities, ensuring competitive advantages in various areas, including R&D, supply chain, manufacturing, and quality.
• ONVO's product development philosophy is tailored to meet the real needs of family cars, introducing the Value Formula to maximize experience value and optimize ownership costs, redefining standards for family vehicles.
• The ONVO L60 is designed to excel in six key user scenarios: all-round safety, spacious comfort, smart cabin and digital experience, driving range and recharging ease, ride and handling, and assisted and intelligent driving.
• The ONVO L60 features a 900V high-voltage architecture, 92.3% CLTC energy efficiency, and the world’s lowest drag coefficient for a production SUV, achieving over 1,000 km CLTC range with its Ultra Long Range Battery.
• Upon delivery, the ONVO L60 will offer reliable and intuitive assisted driving nationwide in China, along with NIO Power's "Chargeable, Swappable, Upgradable" solution, providing 3-minute battery swaps at over 1,000 stations in China.

On the International Day of Families, ONVO, NIO's smart electric vehicle brand, debuted at the West Bund in Shanghai. This introduction marks NIO's move into multi-brand development, expanding its reach in the electric vehicle market.

ONVO originates from "On Voyage", and its Chinese name "Le Dao" translates into "Path to Happiness", meaning "Happiness on Every Path We Travel With Family". The logo of ONVO resembles an upward path, representing ONVO's aspiration of growing with all the families on a path always going up and full of happiness. With a focus on families, ONVO is committed to creating better family life, and bringing better brand and product experiences to family users.

The name ONVO, derived from "On Voyage," translates to "Path to Happiness" in Chinese, symbolizing joy in family journeys. The logo, depicting an upward path, signifies ONVO's commitment to family-oriented growth and happiness. ONVO focuses on enhancing family life by providing superior brand and product experiences for family users.

ONVO introduced its first product L60, a smart electric mid-size family SUV. L60 will bring mainstream family users vehicle experiences of premium quality. The ONVO L60 has been available for preordering with a starting price of RMB 219,900. The delivery will start Q3 2024.

ONVO's first offering, the L60, is a smart electric mid-size family SUV designed for mainstream family users, providing premium vehicle experiences. Preorders for the ONVO L60 start at RMB 219,900, with deliveries beginning in Q3 2024.

William Li, NIO's Founder, Chairman, and CEO, highlighted that ONVO has developed comprehensive system capabilities over three years, enhanced by NIO's decade-long expertise and resources. With ONVO, NIO aims to extend its reach and serve more users, confident in the brand's competitive edge.

Benefitting from NIO's unwavering R&D investment of more than RMB 43 billion in the 12 full-stack technology capabilities, ONVO has already gained competitive advantages in R&D, supply chain, manufacturing, quality, battery charging and swapping network, as well as sales and service networks.

ONVO leverages NIO's substantial R&D investment of over RMB 43 billion in 12 full-stack technology capabilities, securing advantages in R&D, supply chain, manufacturing, quality, battery charging and swapping networks, and sales and service networks.

With deep insights into the real needs for family cars, ONVO's product definition and development philosophy are set to bring happiness and good products to family users. On top of this, it has developed the Value Formula, a new standard for the family car market. With value of experience maximized and ownership costs optimized, the ONVO L60 redefines the standards for family vehicles.

ONVO's product development philosophy focuses on the real needs of family cars, aiming to deliver happiness and high-quality products to family users. The ONVO L60 introduces the Value Formula, a new standard in the family car market, maximizing experience value and optimizing ownership costs, thus redefining family vehicle standards.

The L60 aims to create experience value in the six frequently-encountered and highly-perceivable user scenarios, including all-round safety, comfort of space, smart cabin and digital experience, driving range and ease of recharging, riding and handling, as well as assisted and intelligent driving. Adopting industry-leading 900V high-voltage architecture, with an impressive CLTC energy efficiency of 92.3% and the world’s lowest drag coefficient of 0.229 for a production SUV, the L60 has an energy consumption of 12.1 kWh per 100 km. With an Ultra Long Range Battery, it can realize a CLTC range of over 1,000km. The short overhangs allow for a spacious cabin. With ingenious storage design, every occupant can bring along their own luggage.

The ONVO L60 is designed to excel in six key user scenarios: all-round safety, spacious comfort, smart cabin and digital experience, driving range and recharging ease, ride and handling, and assisted and intelligent driving. It features a 900V high-voltage architecture, achieving 92.3% CLTC energy efficiency and the world’s lowest drag coefficient of 0.229 for a production SUV. With an energy consumption of 12.1 kWh per 100 km and an Ultra Long Range Battery, the L60 can achieve a CLTC range of over 1,000 km. The vehicle's short overhangs and clever storage design provide ample space for passengers and their luggage.

Based on NIO's full-stack capabilities in assisted and intelligent driving, upon deliveries, the L60 will be able to offer a reliable, intuitive and hassle-free assisted driving experience nationwide in China. In addition, ONVO also shares the one-of-a-kind "Chargeable, Swappable, Upgradable" solution of NIO Power. After picking up the vehicles, ONVO users can enjoy the 3-minute battery swap at more than 1,000 swap stations in China.

Leveraging NIO's comprehensive capabilities in assisted and intelligent driving, the ONVO L60 will offer a reliable and intuitive assisted driving experience across China. Additionally, ONVO integrates NIO Power's unique "Chargeable, Swappable, Upgradable" solution, allowing users to benefit from 3-minute battery swaps at over 1,000 stations in China after vehicle collection.

Source

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