Nio sub-brand Onvo launched its new L80 electric SUV in China on Friday, expanding the company’s range of family-oriented battery electric vehicles.
The five-seat sport utility vehicle was unveiled at an event in Hefei, with customer deliveries scheduled to begin on Saturday as the automaker continues to accelerate product rollouts in the competitive Chinese EV market.
The Onvo L80 starts at 242,800 yuan ($35,650) with an 85-kWh battery pack included, slightly below its earlier pre-sale price. Buyers opting for Nio’s battery-as-a-service (BaaS) model can purchase the vehicle from 156,800 yuan, while paying a separate monthly battery subscription fee.
William Li, founder, chairman and chief executive of Nio, said the company was absorbing higher material costs while maintaining competitive pricing.
“With this pricing, the company is absorbing the pressure from rising raw material costs, including memory chips and metals,” Li said at the launch event.
The L80 is offered in three variants — Pro, Max+ and Ultra+ — with different assisted-driving configurations and performance levels.
The entry-level Pro model uses a pure-vision assisted-driving system powered by Nvidia’s Orin X chip.
The higher-spec Max+ and Ultra+ versions include LiDAR sensors and Nio’s self-developed Shenji NX9031 smart-driving chip. Both models also feature the company’s Nio World Model assisted-driving system, which is already deployed in Nio’s premium-branded vehicles.
Nio said the strategy mirrors the positioning used for the updated L90 three-row SUV, while a refreshed version of the L60 is expected to follow a similar approach.
All L80 variants come standard with a 900-volt electrical architecture, an 85-kWh ternary lithium battery pack and an air suspension system.
The Pro and Max+ variants are rear-wheel-drive models capable of accelerating from 0 to 100 kilometers per hour in 5.7 seconds, while the all-wheel-drive Ultra+ completes the same sprint in 4.5 seconds.
Nio highlighted interior space and energy efficiency as key selling points for the model, targeting family buyers in China’s increasingly crowded electric SUV segment.
According to Li, the L80 achieves energy consumption of 14.3 kWh per 100 kilometers through lightweight vehicle engineering, which the company said is the lowest figure in its category.
The SUV also includes a 240-liter front trunk and a rear cargo area expandable to a total storage capacity of 2,840 liters.
Customers placing orders before May 31 will receive purchase incentives worth more than 57,000 yuan, including limited-time discounts on optional features.
Existing owners of Nio, Onvo and Firefly vehicles will also receive additional loyalty reward points for purchasing the L80, as the automaker seeks to encourage repeat buyers and vehicle trade-ins.