100,000 deliveries in under two years? That’s no small feat, especially for a brand like ONVO that’s aiming to carve out its niche in the highly competitive EV market. On June 26, ONVO proudly announced the delivery of its 100,000th L60 in Shanghai. Since hitting the roads on September 28, 2024, this mid-size battery electric SUV has made waves in China’s RMB 200,000 ($29,400) segment.
What’s impressive is how ONVO has maintained a steady delivery pace, placing the L60 among the top three battery electric SUVs in its class. It’s like watching a well-trained athlete who steadily improves their performance with each event.
Just days before this milestone, ONVO kicked off the 2026 model lineup with the L60 starting at RMB 192,800 ($28,300). But here’s where it gets interesting: thanks to NIO’s Battery-as-a-Service (BaaS) subscription, buyers can snag it for as low as RMB 135,800 ($19,960). This pricing strategy could shake up the market, especially for those who might have been sitting on the fence.
| Metric | Value | Notes |
|---|---|---|
| Delivery Milestone | 100,000 units | Achieved in under 2 years |
| Starting Price (2026 L60) | RMB 192,800 | Approx. $28,300 |
| BaaS Price | RMB 135,800 | Approx. $19,960 |
| May 2026 Deliveries | 12,029 units | Up 91.5% YoY |
| NIO Total Deliveries (May 2026) | 37,705 units | Includes ONVO deliveries |
Meanwhile, ONVO is part of a larger strategy within the NIO ecosystem. Back in February last year, NIO merged the delivery operations of both brands, letting them share resources and service networks. It’s a smart move that could streamline operations and improve customer service.
Then in May of last year, ONVO and Firefly were brought under a unified management structure. This integration means they can share R&D, sales, and after-sales services. It’s no wonder ONVO has picked up speed in 2026, launching the updated L90 in April, the L80 in May, and now the refreshed L60.
Now, some folks are asking if ONVO is just a budget version of NIO. ONVO President Shen Fei has pushed back on that idea. He argues that the brand’s appeal lies in its spacious interiors, premium feel, and family-oriented practicality. It’s not just about being cheaper; it’s about being tailored for a different kind of customer.
Shen likens the relationship between NIO and ONVO to Audi and Volkswagen or Lexus and Toyota. It’s about different segments, not just premium versus entry-level. While NIO goes after the luxury market, ONVO is focused on families looking for reliable, practical vehicles.
What does this mean for buyers? If you’re after a spacious, family-friendly SUV without breaking the bank, the L60 might just hit the spot. Plus, the financial flexibility offered through BaaS could make it even more appealing.
In May 2026, ONVO achieved a significant milestone with 12,029 units delivered—a staggering 91.5% increase year-on-year and a 124.8% jump from the previous month. That’s a big deal in a market where every sale counts.
So, should you buy the L60 or wait for something else? If you want a solid family vehicle that balances space, comfort, and tech without the luxury price tag, the L60 is worth a look. Just be sure to check out the charging network in your area to see if it fits your lifestyle.
As the competition heats up, ONVO’s strategy could redefine what buyers expect from mid-range electric SUVs. Keep your eyes on this brand; they’re making moves worth watching.
