The Nio’s Onvo vice president of products Eric Yu confirmed that the brand’s second model will be the large SUV with six or seven seats inside. It will be released to the market in the first quarter of 2025. The deliveries of the second Onvo car will start around May next year.
Onvo is the electric brand under Nio that launched this year. The brand’s first model is the L60 fastback SUV aimed at the Tesla Model Y. It started deliveries in late September. Its cumulative deliveries from September to October reached 5,151 units. Today, the Onvo VP of products shared more information about the brand’s second car. It will enter the market next year.
More about Onvo’s second model
Onvo vice president of products Eric Yu has disclosed a lot of valuable information about the brand’s second model at the Guangzhou Auto Show 2024. During an interview with Autohome, Mr. Yu said that Onvo makes cars for families. In the future, Onvo will launch one product per year. And the brand’s next model will enter the domestic market shortly.
As mentioned, the Onvo second car is a large SUV with six or seven seats. Onvo will officially release it in Q1 2025. Eric Yu mentioned that the development process of this crossover runs smoothly. The new model will start deliveries around May next year. Eric Yu hasn’t revealed the Onvo’s crossover price range. However, it is clear that the Onvo large SUV will cost far below 500,000 yuan (69,000 USD) in order to avoid internal competition with the Nio ES8 flagship crossover.
Currently, the Onvo L60 costs 206,900 – 255,900 yuan (28,550 – 35,300 USD) in China. With the BaaS (battery as a service) option applied, the cars start at 149,900 yuan (20,700 USD) without a battery.
Onvo also plans to have 800 – 1,000 operating stores by the end of 2025, Xchuxing reports. It is a large number as Nio currently has 564 stores across China.
