NIO (NYSE:NIO) has made a significant expansion into the family electric vehicle market with the introduction of its second brand, ONVO, and its first model, the L60, on the International Day of Families in Shanghai.

The new brand aims to offer a family-oriented smart electric mid-size SUV.

The L60 model is set to redefine family travel with its focus on safety, comfort, digital experience, and efficiency, boasting an industry-leading 900V high-voltage architecture and the world’s lowest drag coefficient for a production SUV.

The L60 has already opened for pre-orders in China, with its official launch slated for September.