William Li sits at the top of the recorded chain. The ownership page sets out every step with its stake and date.

乐道Onvo

Is Onvo Chinese? Yes

Facts checked 4 September 2026Ownership as of 4 September 2026

Yes

Onvo is Chinese. It is NIO's family-car brand, launched in 2024 to sell below the NIO badge while sharing the same battery-swap network.

Chinese holding: 100% as of 4 September 2026.

The chain

The ownership chain behind this answer, owner first.
Step	Entity	Kind	Origin
1	William Li	person	CN
2	NIO	group	CN
3	Onvo	brand	CN

L'imad owns CYVN Holdings at 100% since January 2026.
L'imad wholly owns CYVN Investments, the entity that holds the NIO shares, following the January 2026 reorganisation of Abu Dhabi's holdings.
CYVN Holdings holds a stake in NIO at 20.1% since 27 December 2023.
CYVN Investments RSC Ltd of Abu Dhabi built its holding through an investment of about US$1.1 billion completed in July 2023 and a US$2.2 billion share subscription that closed on 27 December 2023 under an agreement dated 18 December 2023. Its Schedule 13D/A filed on 28 February 2024 reports 418,833,157 NIO Class A ordinary shares as of 26 February 2024 — 21.7% of the Class A shares and about 20.1% of all ordinary shares outstanding — with sole voting power over all of them. CYVN appointed two directors to NIO's board on 7 February 2024.
NIO controls Onvo since 15 May 2024.
NIO Inc. launched Onvo as its second marque on 15 May 2024, opening pre-sales of the L60 SUV at RMB 219,900 the same day. Onvo is a brand of NIO Inc., not a separate company with outside shareholders, and NIO reports its deliveries within its own totals.

Is Onvo Chinese?: Yes. Onvo is Chinese. It is NIO's family-car brand, launched in 2024 to sell below the NIO badge while sharing the same battery-swap network.
How much of Onvo is Chinese-owned?: 100%, as of 4 September 2026.
Who owns Onvo?: William Li sits at the top of the recorded chain. The ownership page sets out every step with its stake and date.

Wikipedia, List of automobile manufacturers of China. Read 4 September 2026. Onvo listed as a NIO brand.