- ONVO L60 hits 110,000 deliveries, adding 10,000 units in just two months.
- L60 sustains >5,000 monthly sales and ranks top-three in China’s RMB 200k midsize EV segment.
- One-year residual value of 74.92% leads its class while L60 drives nearly half of ONVO’s July sales.
On Aug. 28, ONVO officially announced in Shanghai that its flagship model, the ONVO L60, had reached 110,000 vehicle deliveries.
The milestone comes just two months after ONVO delivered its 100,000th L60 in Shanghai on June 26.
It took the RMB 200,000 ($29,760)-range midsize all-electric SUV just two months to add another 10,000 deliveries, maintaining a steady monthly delivery pace of more than 5,000 units.
The ONVO L60 was launched in September 2024 as the first model introduced after the ONVO brand entered the market.
It has remained among the top three best-selling midsize all-electric SUVs in China’s RMB 200,000 ($29,760) price segment.
The 2026 ONVO L60 officially went on sale on June 11, bringing another round of price adjustments and equipment upgrades.
The new model starts at RMB 192,800 ($28,710) for outright purchase, RMB 14,000 ($2,084) less than the previous version.
Under NIO’s Battery-as-a-Service (BaaS) battery-leasing option, the entry price falls further to RMB 135,800 ($20,220).
Beyond the lower price, the updated model receives a range of functional and hardware upgrades across six areas, including intelligent driving, cockpit interaction and overall comfort features.
In addition to sales performance, the L60’s residual value has become another notable aspect of the model.
According to data from the China Automobile Dealers Association, the ONVO L60 had a one-year residual value retention rate of 74.92%.
This ranks first among midsize all-electric SUVs in China in the first half of 2026.
ONVO’s overall delivery performance has also shown strong growth. In July 2026, ONVO delivered 10,155 new vehicles across its lineup, up 69.9% year over year.
The L60 accounted for 4,949 of those deliveries, representing 48.7% of the brand’s monthly total and remaining its primary sales driver.
From January to July 2026, ONVO delivered a cumulative 52,618 vehicles, up 39.1% year over year.
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