Nio Onvo L80 Launches at $36K, Undercuts Tesla Model Y in China

Nio's budget sub-brand Onvo launches the L80, a five-seat electric SUV priced from 245,800 yuan (~$36,020). This undercuts Tesla's Model Y by 17,700 yuan (~$2,400) in China.

The L80 opens pre-orders immediately, with first deliveries scheduled for May 15. It adds another aggressive competitor to the most contested EV segment in the world's largest auto market.

The L80 serves as a two-row, five-seat variant of the Onvo L90 three-row SUV, which launched last year. The two vehicles share Nio's NT 3.0 platform, the same 900-volt high-voltage architecture, and most components, differing only in seating layout and cargo configuration.

Onvo debuted with the smaller L60 in September 2024 at $21,200, delivering over 20,000 units in its first 100 days. The L90 expanded the lineup into the larger three-row segment, and the L80 now fills the gap for buyers seeking the L90's size without the third row at a lower price.