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When Onvo L60 went on sale on September 19, it was only a little cheaper than the pre-sale price.

The first model of the Weilai Volkswagen brand, the Onvo L60, will be launched on September 19。The price will not be much lower than the pre-sale。

Li Bin, founder and CEO of NIO, revealed more information about Onvo L60 pricing and expectations during the company's second quarter earnings call on September 6.。The first car of the company's second Volkswagen-facing brand will be officially launched on September 19, and the first deliveries will begin before the end of the month。

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Onvo Poster Announces L60 to Launch on September 19

Currently, the Onvo L60 (see specifications) is being pre-sold for 219,900 yuan ($31,050), which is 30,000 yuan ($4,250) cheaper than the Tesla Model Y。Speaking of the launch, Lee warned that although the price will be cheaper than the pre-sale price, the company still attaches great importance to considering the gross margin, so it will not be too aggressive。NIO expects more than 10,000 Onvo L60 deliveries in December and more than 20,000 monthly sales sometime next year.。It is worth noting that Li Shufu also mentioned on the earnings call that the Weilai brand aims to sell around 30,000 to 40,000 vehicles per month with a gross margin of 25%; however, this seems more like a long-term goal。Onvo brand targets 15% gross margin。

Onvo L60 uses the third generation NT3.0 platform, although the battery is different from the battery used in the NIO model, it is still compatible with the NIO power exchange network。Onvo L60 will be equipped with a 61 kWh battery pack when it goes on sale, and will use a lithium iron phosphate battery from BYD subsidiary FinDreams。There is also an 85 kWh NCM battery pack。The packs themselves can be exchanged at any NIO 4th and 3rd generation stations. Ons has been upgraded to be compatible with the Onvo brand。Onvo models cannot use Weilai's first and second generation battery exchange stations。The energy consumption of L60 is as low as 12.1 kWh / 100 km。

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