Onvo L60 Launch Brings Lower Pricing and Advanced Smart Driving Technology in China

The Onvo L60 has officially entered the next phase of competition in China's fast-growing electric vehicle market with a lower entry price and a wide range of technology upgrades. The updated SUV starts at 192,800 yuan ($28,440) including the battery, marking a 6.8% reduction from its predecessor's price of 206,900 yuan. Deliveries are scheduled to begin on June 12, highlighting the brand's effort to further accelerate growth amid intense competition in the premium EV segment.

Despite lowering prices, the latest model arrives at a time when production costs have increased. Management at Nio Inc previously indicated that the updated L60 carries significantly higher costs compared with the earlier version. The company nevertheless opted for more aggressive pricing to strengthen market positioning and expand customer adoption in China's increasingly crowded electric vehicle landscape.

Updated Onvo L60 Pricing and Variants

The new model is offered in three variants: Pro, Max+, and Ultra+. Pricing with battery included stands at 192,800 yuan, 202,800 yuan, and 222,800 yuan respectively. Customers can also opt for the Battery as a Service (BaaS) model, reducing starting prices to 135,800 yuan, 145,800 yuan, and 165,800 yuan. The BaaS program lowers upfront ownership costs while giving users access to battery-swapping services.

Onvo L60 Variant Pricing Overview

Shenji NX9031 Chip and Smart Driving Enhancements

The updated SUV introduces 106 upgrades, with the most notable being the first deployment of the 5-nanometer automotive-grade Shenji NX9031 smart driving chip developed internally by Nio Inc. The company has also introduced LiDAR-equipped versions, expanding the vehicle's autonomous driving capabilities and strengthening its technology portfolio in advanced driver assistance systems.

The Max+ and Ultra+ variants utilize the Shenji NX9031 chip together with the Nio World Model architecture. This combination supports point-to-point navigate-on-pilot functions across multiple driving scenarios and enables autonomous entry and exit at battery swap stations. Meanwhile, the entry-level Pro version retains a vision-only system powered by Nvidia's Orin-X chip delivering 254 TOPS of computing power.

High-Voltage Architecture and Battery Performance

The latest L60 is built on a 900-volt high-voltage architecture designed to improve charging efficiency and user convenience. The platform supports battery swapping in approximately three minutes while enabling charging from 10% to 80% in just 25 minutes. Such capabilities aim to reduce range anxiety and improve overall usability for EV customers.

The vehicle comes standard with a 60-kWh battery pack offering up to 560 kilometers of CLTC range. Buyers seeking extended range can select an 85-kWh battery pack capable of delivering up to 740 kilometers under CLTC standards. The larger battery pack is already standard on the brand's larger L80 and L90 SUV models.

Premium Features and Customer Benefits

The Ultra+ trim introduces additional comfort-oriented technologies, including a 17.3-inch 3K foldable rear display mounted on the ceiling, a roof sunshade, and a 6-liter smart refrigerator with heating and cooling functions. These features enhance passenger experience while positioning the vehicle more competitively in the premium EV segment.

To encourage early purchases, the company is offering benefits exceeding 53,000 yuan for customers placing orders by June 30. Incentives include a 40% discount on optional features, a 5,000-yuan optional features fund, three years of interest-free financing with zero down payment, and five years of complimentary smart driving assistance access.

Expanding Battery Swap Infrastructure

The power network remains a key competitive advantage for the brand. As of June 11, Onvo vehicles had access to 2,553 battery swap stations across China. The company aims to expand this network to more than 3,300 stations by the end of 2026, reinforcing its strategy of combining charging and battery-swapping ecosystems for greater convenience.

Sales Momentum and Future Software Updates

The Onvo brand launched its first model in September 2024, positioning it directly against the Tesla Model Y. Recent sales performance has been strong, with Onvo delivering 12,029 vehicles in May, representing year-on-year growth of 91.51% and month-on-month growth of 124.76%. The increase was supported by launches of new models including the L80 and 2026 L90.

Nio Inc delivered 37,705 vehicles in May, achieving its highest monthly volume so far this year. The company expects second-quarter deliveries to reach between 110,000 and 115,000 units. Additionally, Onvo announced that its Coconut operating system will receive a major update in July, bringing enhancements to end-to-end smart driving assistance, AI cockpit functions, and overall system performance optimization.

Frequently Asked Questions

What is the starting price of the updated Onvo L60?
The updated Onvo L60 starts at 192,800 yuan with the battery included, making it 6.8% cheaper than its predecessor. Buyers can further reduce the upfront purchase price through the Battery as a Service program. Under the BaaS scheme, the entry-level variant starts at 135,800 yuan. The pricing strategy aims to improve competitiveness in China's electric vehicle market while offering customers greater flexibility in ownership and battery usage.

What new technologies does the updated Onvo L60 offer?
The latest Onvo L60 introduces Nio's in-house developed Shenji NX9031 smart driving chip and newly added LiDAR-equipped variants. Higher trims support advanced navigate-on-pilot capabilities and autonomous battery swap station functions. The vehicle also features a 900-volt platform, fast charging, battery swapping, AI cockpit enhancements, and future software upgrades through the Coconut operating system, strengthening its position in the evolving smart EV ecosystem.