Onvo 乐道
Shanghai, China
NIO · Brands in this group
Approximate combined L60/L90 deliveries in the brand's first full year
William Li (Li Bin)
Li Bin launched Onvo in May 2024 as NIO Group's family-oriented value brand, targeting Chinese families at prices rivaling the Tesla Model Y while keeping battery swapping.
📖 About the company
Onvo (Chinese: 乐道, "joyful road") is NIO Group's family brand, launched in May 2024 to offer practical EVs at accessible prices. Both the L60 and L90 share NIO's huge battery-swap network and BaaS rental scheme. The L90 was a hit from its 2025 launch, topping large-SUV sales, while the L60 saw a major price cut in early 2026 to stay competitive. A mid-size L80, slotting between the two, remains under development and had not officially launched as of mid-2026.
🏭 Factory profile
NIO's plants in Hefei (NeoPark)
Factory photos
No factory photos yet.
🚗 Models (2)
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