2024 Onvo L60

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  1. A new mass-market electric vehicle, Onvo L60, has been spotted in China, developed by Nio’s new brand, previously known as Alps (Chinese name: 乐道, Ledao).
  2. The Onvo L60 features a prominent watchtower suite of sensors at the top of the windshield and high-definition cameras, suggesting self-driving capabilities, mainly on highways.
  3. The L60 has a single motor, most likely on the rear axle, and is expected to be battery-swappable, with possible 60 or 90 kWh LFP batteries.
  4. The car is benchmarked against the Tesla Model Y, with a similar size, and will be priced approximately 10% lower.
  5. Trial production models were produced in October, and the Onvo L60 will be revealed mid-May, with deliveries starting in the fourth quarter.

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A camouflaged Onvo L60 exits a Nio battery swap station, marking the first time the model has been seen performing a battery swap.

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  1. Nio’s Onvo L60 model was spotted at a Nio battery swap station, suggesting development is complete.
  2. Onvo is a sub-brand of Nio, with another sub-brand called Firefly. The internal project code for the Onvo L60 is DOM.
  3. Nio confirmed the Onvo name and expects the brand launch in early-mid May 2024.
  4. Onvo models will use Nio’s shared battery swap network, which is also compatible with different brands of vehicles.
  5. It’s unclear if all current Nio battery swap stations support Onvo-branded models, but it’s speculated that fourth-generation and some third-generation stations will.