The cheapest Onvo L60 crossover costs only RMB 149,500 ($21,154) under the NIO’s Battery-as-a-Service (BaaS) leasing program, which allows customers to buy the EV without ownership of the battery pack, versus RMB 206,900 including the pack. More than 60% of the customers choosing the Onvo L60 consider battery-swapping technology, part of NIO’s broader BaaS strategy, as the most desirable attribute, according to Li. NIO said the total energy consumption of the car is 12.1 kWh per 100 km, compared with the 12.5 kWh achieved by the Model Y. NIO said the five-seater crossover could comfortably accommodate passengers in a carefully designed cabin, providing larger headroom and legroom across both rows than the Tesla Model Y. READ MORE: NIO CEO details thinking on first Onvo EV, battery swap alliance