Nio Stock Snaps Three-Week Losing Streak On Onvo L80 Debut Priced Below Tesla Model Y

• Deliveries of the Onvo L80 are scheduled to begin on Saturday. 
• The L80 is priced from 242,800 yuan for the entry-level Pro trim.
• Nio launched Onvo as a sub-brand catering to the mass market in 2024, unlike its namesake brand, which makes luxury EVs.

Shares of Chinese EV maker Nio Inc (NIO) closed 4% higher this week, breaking a streak of three consecutive weeks in the red, as it launched its Onvo L80 vehicle on Friday.

NIO subsidiary Onvo officially launched the L80, a large five-seat family SUV, earlier on Friday, coinciding with the brand’s second anniversary and International Day of Families. Deliveries are scheduled to begin on Saturday.

The L80 is priced from 242,800 yuan (including the standard 85-kWh ternary lithium battery pack) for the entry-level Pro trim, with the Max+ priced at 259,800 yuan and the top Ultra+ at 279,800 yuan. Under NIO’s Battery-as-a-Service (BaaS) model, the Pro starts at just 156,800 yuan. The launch price reflects a 1.22% reduction from the earlier pre-sale figure, with NIO absorbing rising raw material costs for memory chips and metals, according to a report from CnEVPost.

As per the report, Onvo L80’s key features include a 900-volt high-voltage architecture, standard air suspension, class-leading energy consumption of 14.3 kWh per 100 km, and spacious storage. The Pro offers rear-wheel drive with 0-100 km/h acceleration in 5.7 seconds, while the Ultra+ adds all-wheel drive and 4.5-second acceleration. Higher trims include LiDAR and NIO’s Shenji NX9031 chip for advanced assisted driving.

“On this special day, we officially launched the ONVO L80, a true game-changer in the large 5-seater SUV segment!” NIO founder and CEO William Li wrote on X.

Interestingly, the Model Y, Tesla’s mass market SUV, is priced at 263,500 yuan for the base version, representing a premium of about 9% from the Onvo L80.

Nio’s Onvo Success

Nio launched Onvo as a sub-brand catering to the mass market in 2024, unlike its namesake brand, which makes luxury EVs. The company’s first vehicle was the L60, followed by the L90, which was launched in July 2025.

“With an expanding product lineup and continuous product upgrades, the ONVO brand will deliver the finest mobility experiences to more family users, driving steady sales growth,” Nio CEO William Li said in March.

Onvo contributed 13,339 vehicles in the first quarter of 2026, accounting for roughly 16% of NIO Inc.’s group-wide total of 83,465 deliveries for the period.

How Did NIO Retail Traders React?

On Stocktwits, retail sentiment around NIO stock stayed within the ‘neutral’ territory over the past 24 hours, while message volume remained at ‘normal’ levels.

A Stocktwits user voiced optimism for a further rally next week.

NIO stock has gained 53% over the past 12 months. 

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