Nio wants to challenge the Tesla Model Y’s position as the world’s best-selling vehicle with an all-new vehicle sold under a new, more affordable sub-brand. It’s called the Onvo L60, and it has an optional ultra-long-range battery that should provide up to 1,000 kilometers on the Chinese CLTC test cycle. The CLTC test cycle is more optimistic than even WLTP, which is not as accurate as the EPA test cycle in the U.S.
Buyers in China can also choose an Onvo L60 without the battery pack, for which they will pay a monthly subscription. Car News China says this version with the battery as a service option will be the most affordable and start at just 170,000 yuan, or around $23,500. The Onvo L60 is slightly longer than the Tesla Model Y, so it should offer more interior room, but it won’t be quite as practical overall since it doesn’t have a frunk.
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