NIO’s new Onvo EV brand is finally scheduled to arrive in its first European market in early 2025. The new lower-priced EV brand is expected to play a significant role as NIO looks for a bigger share of the global auto market.
After launching the first Onvo model, the L60 electric SUV, in September, NIO’s new sub-brand is already showing promise.
In its first full sales month, over 4,300 Onvo L60 models were sold, or about a fifth of NIO’s nearly 21,000 vehicles sold in total in November.
With starting prices of just over $21,000 (149,900), the Onvo electric SUV undercuts rivals, including Tesla’s Model Y, which starts at around $35,000 (249,900 yuan) in China. However, NIO’s base price is if you opt to rent the battery, which is an extra $85 (599 yuan) or $125 (899 yuan) per month, depending on the battery size.
Even with the battery included, the Onvo L60 is still cheaper than Tesla’s top seller, with prices starting at $29,300 (206,900).
After a hot sales start at home, NIO is now launching its low-cost EV overseas. According to Eric Yu, the VP of products for NIO’s Onvo EV brand, the L60 will launch in its first European market in early 2025.
NIO’s new Onvo L60 EV preps for first European market
Yu told Automotive News Europe Onvo would first debut in the UK because, unlike the EU, the region doesn’t have import tariffs on Chinese EV imports.
With the EU raising duties, NIO, including its Onvo brand, faces a 31% import tariff in the EU. That’s up from just 10% last year.
Although NIO has been selling cars in Europe since 2021, its expansion has been slower than expected. Over the past few years, NIO has mainly focused on existing markets like Norway, Germany, and the Netherlands.
That could soon change with its new Onvo brand. In a recent interview with Chinese media CGTN (via CnEVPost), Nio’s president, Qin Lihong, said, “I hope that we can expand to up to 25 different countries or regions by the end of next year.”
NIO Onvo L60 vs Tesla Model Y trims
Range (CLTC)
Starting Price
NIO Onvo L60 (Battery rental)
555 km (341 mi) 730 km (454 mi)
149,900 yuan ($21,200)
NIO Onvo L60 (60 kWh)
555 km (341 mi)
206,900 yuan ($29,300)
NIO Onvo L60 (85 kWh)
730 km (454 mi)
235,900 yuan ($33,400)
NIO Onvo L60 (150 kWh)
+1,000 km (+621 mi)
TBD
Tesla Model Y RWD
554 km (344 mi)
249,900 yuan ($34,600)
Tesla Model Y AWD Long Range
688 km (427 mi)
290,900 yuan ($40,300)
Tesla Model Y AWD Performance
615 km (382 mi)
354,900 yuan ($49,100)
NIO Onvo L60 vs Tesla Model Y in China
At 4,828 mm long, 1,930 mm wide, and 1,616 mm tall, the L60 is nearly the same size as the Tesla Model Y (4,750 mm long x 1,921 mm wide x 1,624 mm tall).
The Onvo L60 will mark NIO’s entrance into the UK market. It will launch early next year. According to Yu, Onvo will begin exporting models after production reaches 30,000 per month, which is expected around March 2025.
NIO will also launch its second EV brand, Firefly, in a few days. The new EV brand is expected to be aimed at global markets. It will officially launch on December 21 during NIO Day. Check back for more.
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On today’s energizing episode of Quick Charge, judges rule that Montana’s companies owe their kids a cleaner future, the Dacia Sandero looks set to overtake the Tesla Model Y in the European sales race, and a bunch of other stuff.
We’ve also got two brand-new, zero-emission Honda EVs set to debut at the CES show in January, a new and better way to recycle electric car batteries developed by BMW, and a massive new solar project being bankrolled by Walmart.
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!
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Toyota just got a $4.5 million boost from the US Department of Energy (DOE) to make EV batteries more sustainable.
The funding comes from ARPA-E’s CIRCULAR program, which focuses on creating a sustainable, domestic supply chain for EV batteries.
The project, led by Toyota Research Institute of North America (TRINA), aims to tackle one of the EV industry’s biggest challenges: What do we do with old batteries?
Right now, disassembling battery packs and figuring out which parts can be reused or recycled is a slow, manual, and costly process. Toyota, teaming up with Oak Ridge National Laboratory (ORNL), the National Renewable Energy Laboratory (NREL), and Baker Hughes’ Waygate Technologies, is working to change that.
Building the battery recycling center of the future
The project will focus on resolving the primary bottlenecks in the battery supply chain cycle, which are automating battery pack disassembly, data-driven battery classification, and addressing cell degradation. Think of it as a high-tech recycling center where every part of a used battery is carefully evaluated.
This approach could extend the life of valuable battery materials, reducing waste and the need to mine new resources. The ultimate goal? A blueprint for what Toyota calls a “3R facility of the future” – a place to reduce, reuse, and recycle batteries on an industrial scale.
Nik Singh, principal scientist at TRINA and principal investigator on this project, says the project could reshape how the industry approaches battery recycling:
This project and program will highlight avenues for everyone to rethink their approach to battery circularity, and help prioritize the extension of battery life, facilitate battery reuse, and reduce battery waste.
Tech innovations to close the loop
The team’s plan includes:
Automated battery pack disassembly to speed up the recycling process.
Advanced diagnostic tools to assess the condition of battery cells and modules.
Refabrication methods to turn old cells into new energy systems.
The payoff? Batteries that are reused and refurbished first – recycling becomes the last resort.
Marm Dixit, leading ORNL’s contributions, points out the environmental benefits. “By extending the life of the battery components, we reduce their total emissions per mile. That’s a big deal for the role EVs can play in the energy transition,” Dixit said.
NREL’s role will involve cutting-edge tech like machine learning and imaging using nano computed tomography to analyze the health and lifespan of batteries quickly. Baker Hughes’ Waygate Technologies will bring its expertise in non-destructive testing with advanced imaging systems.
Toyota’s Battery Lifecycle Solutions (BLS) team plans to take these innovations from the lab to real-world applications. “By applying the innovations established from this project, we aim to create a framework that not only reduces battery waste but also enhances the circularity of our battery supply chain,” said Sarah Kennedy, BLS manager, who is leading the technology to market deployment.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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Ampion Renewable Energy has brought five community solar farms in Maine online, adding nearly 25 megawatts (MW) of clean energy to the grid annually and generating over 28 million kilowatt-hours (kWh) of electricity.
Located in Franklin (main photo), Aroostook, Penobscot, and Washington Counties, these solar farms serve customers in Versant Power and Central Maine Power territories. Residential households and businesses that subscribe will save up to 15% on their electricity bills while supporting Maine’s transition to clean energy.
Nate Owen, CEO of Ampion, grew up in Maine and founded Ampion in Bar Harbor in 2014. “Community solar is an invaluable state program that provides Mainers with many benefits,” Owen said. “It bolsters the local economy, improves grid resilience, and is available to all types of electricity consumers.”
Ampion has signed 1,700 households and 70 businesses to these new community solar projects. The company will also handle billing and customer care for the next 20 years. Ampion manages subscriptions for 48 community solar projects in Maine, amounting to over 215 MW. The company is growing its Maine workforce to support this expansion, with about 10% of its employees already based in the state.
Ampion is also partnering with local organizations, like The Highlands, a senior living community in Topsham. “We feel good about supporting local jobs and helping to make more clean energy available to the grid, all while helping our community members save money on electricity,” said Troy Chapman, operations director at The Highlands.
According to the Solar Energy Industries Association, as of Q3 2024, Maine had 1415 MW of solar installed and has a growth projection of 1581 MW of solar over the next five years.
If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*
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