Nio's Onvo brand launched its first model, the L60, on Thursday in Hefei, Anhui province, which will be delivered from Sept 28.

The five-seat electric SUV, with a starting price from 206,900 yuan ($29,270), offers two battery packs of 60 kilowatt-hours and 85 kWh, which can run 555 kilometers and 730 km, respectively on one charge. If customers opt to rent the battery, the model's price starts at 149,900 yuan, with a monthly battery rental fee starting at 599 yuan.

As a family SUV, the L60 measures 4,828 millimeters in length with a 2,950-mm wheelbase. It features a 52-liter fridge and offers ample storage space.

Relying on Nio's 10 years of technological expertise, the Onvo L60 features a 900-volt architecture and the SkyOS intelligent operating system.

The model achieves a class-leading energy consumption of 12.1 kWh per 100 km. It accelerates from 0 to 100 km per hour in 4.6 seconds, with a drag coefficient of 0.229.

Similar to Nio's models, the L60's battery can be swapped with a new one in three minutes and also charged for 200 km in 10 minutes.