NIO's Onvo L60 surpasses 100,000 cumulative deliveries

NIO's mass-market Onvo sub-brand said on June 26 that its L60 electric SUV has topped 100,000 cumulative deliveries since customer handovers began on September 28, 2024. Onvo said the L60 - pitched against Tesla's Model Y - ranks among the top three best-selling all-electric mid-size SUVs in China's roughly 200,000-yuan (about $29,400) class. The milestone comes as NIO leans on its lower-priced Onvo and Firefly marques to broaden volume beyond its premium core brand.