diff --git a/providers/ppio/logo.svg b/providers/ppio/logo.svg
new file mode 100644
index 00000000000..1112ab5b407
--- /dev/null
+++ b/providers/ppio/logo.svg
@@ -0,0 +1,3 @@
+<svg viewBox="0 0 60 60" fill="none" xmlns="http://www.w3.org/2000/svg">
+<path d="M29.7888 0.215881C13.3449 0.215881 0 13.5422 0 29.986C0 38.0916 3.24782 45.4527 8.51506 50.8223V30.0139C8.51506 24.3372 10.7299 18.9769 14.7408 14.966C18.7704 10.9365 24.112 8.74025 29.7981 8.74025H29.9749L29.7888 8.75886C41.5423 8.75886 51.0718 18.2883 51.0718 30.0326C51.0718 31.0562 50.9973 32.0613 50.8577 33.057L38.8343 20.9964C36.4333 18.5954 33.2134 17.2646 29.8074 17.2646C26.4013 17.2646 23.1907 18.5954 20.7805 20.9964C18.3609 23.4159 17.0394 26.6172 17.0394 30.0326C17.0394 33.4479 18.3702 36.6492 20.7805 39.0688C23.1814 41.4697 26.4013 42.8005 29.8074 42.8005C33.2134 42.8005 36.424 41.4697 38.8343 39.0688C41.077 36.826 42.3706 33.8946 42.5474 30.7584L49.6014 37.8403C46.4839 45.7319 38.797 51.3249 29.7981 51.3249C25.1357 51.3249 20.6874 49.8359 17.0301 47.072V56.9178C20.9014 58.7604 25.2195 59.7841 29.7794 59.7841C46.2233 59.7841 59.5682 46.4578 59.5682 30.0139C59.5868 13.5515 46.2512 0.225187 29.7981 0.225187L29.7888 0.215881Z" fill="currentColor"/>
+</svg>
\ No newline at end of file
diff --git a/providers/ppio/models/alibaba/qwen3-235b-a22b-instruct-2507.toml b/providers/ppio/models/alibaba/qwen3-235b-a22b-instruct-2507.toml
new file mode 100644
index 00000000000..ef854fe0b4d
--- /dev/null
+++ b/providers/ppio/models/alibaba/qwen3-235b-a22b-instruct-2507.toml
@@ -0,0 +1,13 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# limit.output is PPIO's completion cap, not the context window: the API
+# rejects max_tokens above it with "must be between 0 and 260000".
+base_model = "alibaba/qwen3-235b-a22b-instruct-2507"
+structured_output = true
+
+[cost]
+input = 0.21583
+output = 0.8633
+
+[limit]
+output = 260_000
diff --git a/providers/ppio/models/alibaba/qwen3-coder-next.toml b/providers/ppio/models/alibaba/qwen3-coder-next.toml
new file mode 100644
index 00000000000..ac2e219cf35
--- /dev/null
+++ b/providers/ppio/models/alibaba/qwen3-coder-next.toml
@@ -0,0 +1,7 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+base_model = "alibaba/qwen3-coder-next"
+
+[cost]
+input = 0.20838
+output = 1.56287
diff --git a/providers/ppio/models/alibaba/qwen3-vl-235b-a22b-instruct.toml b/providers/ppio/models/alibaba/qwen3-vl-235b-a22b-instruct.toml
new file mode 100644
index 00000000000..c58abb12874
--- /dev/null
+++ b/providers/ppio/models/alibaba/qwen3-vl-235b-a22b-instruct.toml
@@ -0,0 +1,10 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+base_model = "alibaba/qwen3-vl-235b-a22b-instruct"
+
+[cost]
+input = 0.29769
+output = 1.19076
+
+[modalities]
+input = ["text", "image", "video"]
diff --git a/providers/ppio/models/alibaba/qwen3.5-122b-a10b.toml b/providers/ppio/models/alibaba/qwen3.5-122b-a10b.toml
new file mode 100644
index 00000000000..f53469d1070
--- /dev/null
+++ b/providers/ppio/models/alibaba/qwen3.5-122b-a10b.toml
@@ -0,0 +1,20 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "alibaba/qwen3.5-122b-a10b"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.11908
+output = 0.95261
+
+[[cost.tiers]]
+tier = { type = "context", size = 128_000 }
+input = 0.29769
+output = 2.38152
+
+[modalities]
+input = ["text", "image", "video"]
diff --git a/providers/ppio/models/alibaba/qwen3.5-27b.toml b/providers/ppio/models/alibaba/qwen3.5-27b.toml
new file mode 100644
index 00000000000..3df93a43885
--- /dev/null
+++ b/providers/ppio/models/alibaba/qwen3.5-27b.toml
@@ -0,0 +1,20 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "alibaba/qwen3.5-27b"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.08931
+output = 0.71446
+
+[[cost.tiers]]
+tier = { type = "context", size = 128_000 }
+input = 0.26792
+output = 2.14337
+
+[modalities]
+input = ["text", "image", "video"]
diff --git a/providers/ppio/models/alibaba/qwen3.5-35b-a3b.toml b/providers/ppio/models/alibaba/qwen3.5-35b-a3b.toml
new file mode 100644
index 00000000000..15c2193796b
--- /dev/null
+++ b/providers/ppio/models/alibaba/qwen3.5-35b-a3b.toml
@@ -0,0 +1,20 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "alibaba/qwen3.5-35b-a3b"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.05954
+output = 0.4763
+
+[[cost.tiers]]
+tier = { type = "context", size = 128_000 }
+input = 0.23815
+output = 1.90521
+
+[modalities]
+input = ["text", "image", "video"]
diff --git a/providers/ppio/models/alibaba/qwen3.5-397b-a17b.toml b/providers/ppio/models/alibaba/qwen3.5-397b-a17b.toml
new file mode 100644
index 00000000000..71bfe1f1f0e
--- /dev/null
+++ b/providers/ppio/models/alibaba/qwen3.5-397b-a17b.toml
@@ -0,0 +1,20 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "alibaba/qwen3.5-397b-a17b"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.17861
+output = 1.07168
+
+[[cost.tiers]]
+tier = { type = "context", size = 128_000 }
+input = 0.44653
+output = 2.67921
+
+[modalities]
+input = ["text", "image", "video"]
diff --git a/providers/ppio/models/alibaba/qwen3.6-27b.toml b/providers/ppio/models/alibaba/qwen3.6-27b.toml
new file mode 100644
index 00000000000..7aff89daff8
--- /dev/null
+++ b/providers/ppio/models/alibaba/qwen3.6-27b.toml
@@ -0,0 +1,15 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "alibaba/qwen3.6-27b"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.44653
+output = 2.67921
+
+[modalities]
+input = ["text", "image", "video"]
diff --git a/providers/ppio/models/alibaba/qwen3.6-35b-a3b.toml b/providers/ppio/models/alibaba/qwen3.6-35b-a3b.toml
new file mode 100644
index 00000000000..84ac79582ee
--- /dev/null
+++ b/providers/ppio/models/alibaba/qwen3.6-35b-a3b.toml
@@ -0,0 +1,15 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "alibaba/qwen3.6-35b-a3b"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.26792
+output = 1.60752
+
+[modalities]
+input = ["text", "image", "video"]
diff --git a/providers/ppio/models/alibaba/qwen3.8-2.4t-a95b.toml b/providers/ppio/models/alibaba/qwen3.8-2.4t-a95b.toml
new file mode 100644
index 00000000000..3ba06fb6989
--- /dev/null
+++ b/providers/ppio/models/alibaba/qwen3.8-2.4t-a95b.toml
@@ -0,0 +1,17 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# thinking.type is rejected by this model; thinking is always on.
+# Effort: reasoning_effort = low|medium|xhigh (native set, default xhigh).
+base_model = "alibaba/qwen3.8-2.4t-a95b"
+reasoning_options = [{ type = "effort", values = ["low", "medium", "xhigh"] }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 1.78614
+output = 5.35841
+cache_read = 0.22327
+
+[limit]
+context = 1_000_000
diff --git a/providers/ppio/models/alibaba/qwen3.8-27b.toml b/providers/ppio/models/alibaba/qwen3.8-27b.toml
new file mode 100644
index 00000000000..5732b8e864c
--- /dev/null
+++ b/providers/ppio/models/alibaba/qwen3.8-27b.toml
@@ -0,0 +1,18 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+# reasoning_effort is accepted but has no observable effect on thinking.
+base_model = "alibaba/qwen3.8-27b"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.44653
+output = 1.78614
+cache_read = 0.08931
+
+[limit]
+context = 1_000_000
+output = 131_072
diff --git a/providers/ppio/models/deepseek/deepseek-ocr-2.toml b/providers/ppio/models/deepseek/deepseek-ocr-2.toml
new file mode 100644
index 00000000000..5691da2e17d
--- /dev/null
+++ b/providers/ppio/models/deepseek/deepseek-ocr-2.toml
@@ -0,0 +1,7 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+base_model = "deepseek/deepseek-ocr-2"
+
+[cost]
+input = 0.03215
+output = 0.03215
diff --git a/providers/ppio/models/deepseek/deepseek-v3-0324.toml b/providers/ppio/models/deepseek/deepseek-v3-0324.toml
new file mode 100644
index 00000000000..0d4f6487493
--- /dev/null
+++ b/providers/ppio/models/deepseek/deepseek-v3-0324.toml
@@ -0,0 +1,12 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+base_model = "deepseek/deepseek-v3-0324"
+structured_output = true
+
+[cost]
+input = 0.29769
+output = 1.19076
+cache_read = 0.08931
+
+[limit]
+output = 65_536
diff --git a/providers/ppio/models/deepseek/deepseek-v3.2.toml b/providers/ppio/models/deepseek/deepseek-v3.2.toml
new file mode 100644
index 00000000000..c601bed42ce
--- /dev/null
+++ b/providers/ppio/models/deepseek/deepseek-v3.2.toml
@@ -0,0 +1,17 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled (thinking is off by default)
+base_model = "deepseek/deepseek-v3.2"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.29769
+output = 0.44653
+cache_read = 0.02977
+
+[limit]
+context = 163_840
+output = 65_536
diff --git a/providers/ppio/models/deepseek/deepseek-v3.toml b/providers/ppio/models/deepseek/deepseek-v3.toml
new file mode 100644
index 00000000000..6d76f3264af
--- /dev/null
+++ b/providers/ppio/models/deepseek/deepseek-v3.toml
@@ -0,0 +1,12 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+base_model = "deepseek/deepseek-v3"
+structured_output = true
+
+[cost]
+input = 0.29769
+output = 1.19076
+
+[limit]
+context = 64_000
+output = 8_000
diff --git a/providers/ppio/models/deepseek/deepseek-v4-flash-0731.toml b/providers/ppio/models/deepseek/deepseek-v4-flash-0731.toml
new file mode 100644
index 00000000000..7836d0dbab4
--- /dev/null
+++ b/providers/ppio/models/deepseek/deepseek-v4-flash-0731.toml
@@ -0,0 +1,18 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+# Effort: reasoning_effort = high|max
+base_model = "deepseek/deepseek-v4-flash-0731"
+reasoning_options = [{ type = "toggle" }, { type = "effort", values = ["high", "max"] }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.44653
+output = 1.3396
+cache_read = 0.14884
+
+[limit]
+context = 1_048_576
+output = 393_216
diff --git a/providers/ppio/models/deepseek/deepseek-v4-flash-vision-exp.toml b/providers/ppio/models/deepseek/deepseek-v4-flash-vision-exp.toml
new file mode 100644
index 00000000000..7d30f8b297e
--- /dev/null
+++ b/providers/ppio/models/deepseek/deepseek-v4-flash-vision-exp.toml
@@ -0,0 +1,18 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+# Effort: reasoning_effort = high|max
+base_model = "deepseek/deepseek-v4-flash-vision-exp"
+reasoning_options = [{ type = "toggle" }, { type = "effort", values = ["high", "max"] }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.44653
+output = 1.3396
+cache_read = 0.14884
+
+[limit]
+context = 1_048_576
+output = 393_216
diff --git a/providers/ppio/models/deepseek/deepseek-v4-flash.toml b/providers/ppio/models/deepseek/deepseek-v4-flash.toml
new file mode 100644
index 00000000000..9ea2daf2a01
--- /dev/null
+++ b/providers/ppio/models/deepseek/deepseek-v4-flash.toml
@@ -0,0 +1,18 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+# Effort: reasoning_effort = high|max
+base_model = "deepseek/deepseek-v4-flash"
+reasoning_options = [{ type = "toggle" }, { type = "effort", values = ["high", "max"] }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.44653
+output = 1.3396
+cache_read = 0.14884
+
+[limit]
+context = 1_048_576
+output = 393_216
diff --git a/providers/ppio/models/deepseek/deepseek-v4-pro-0813.toml b/providers/ppio/models/deepseek/deepseek-v4-pro-0813.toml
new file mode 100644
index 00000000000..7bf7983e8e0
--- /dev/null
+++ b/providers/ppio/models/deepseek/deepseek-v4-pro-0813.toml
@@ -0,0 +1,18 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+# Effort: reasoning_effort = high|max
+base_model = "deepseek/deepseek-v4-pro-0813"
+reasoning_options = [{ type = "toggle" }, { type = "effort", values = ["high", "max"] }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 1.3396
+output = 4.01881
+cache_read = 0.44653
+
+[limit]
+context = 1_048_576
+output = 393_216
diff --git a/providers/ppio/models/deepseek/deepseek-v4-pro.toml b/providers/ppio/models/deepseek/deepseek-v4-pro.toml
new file mode 100644
index 00000000000..61a7e126e36
--- /dev/null
+++ b/providers/ppio/models/deepseek/deepseek-v4-pro.toml
@@ -0,0 +1,18 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+# Effort: reasoning_effort = high|max
+base_model = "deepseek/deepseek-v4-pro"
+reasoning_options = [{ type = "toggle" }, { type = "effort", values = ["high", "max"] }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 1.3396
+output = 4.01881
+cache_read = 0.44653
+
+[limit]
+context = 1_048_576
+output = 393_216
diff --git a/providers/ppio/models/deepseek/deepseek-v4.1-flash.toml b/providers/ppio/models/deepseek/deepseek-v4.1-flash.toml
new file mode 100644
index 00000000000..3304a67dec4
--- /dev/null
+++ b/providers/ppio/models/deepseek/deepseek-v4.1-flash.toml
@@ -0,0 +1,18 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+# Effort: reasoning_effort = high|max
+base_model = "deepseek/deepseek-v4.1-flash"
+reasoning_options = [{ type = "toggle" }, { type = "effort", values = ["high", "max"] }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.29769
+output = 1.19076
+cache_read = 0.00595
+
+[limit]
+context = 1_048_576
+output = 393_216
diff --git a/providers/ppio/models/minimax/minimax-m2.1.toml b/providers/ppio/models/minimax/minimax-m2.1.toml
new file mode 100644
index 00000000000..433fcade1f8
--- /dev/null
+++ b/providers/ppio/models/minimax/minimax-m2.1.toml
@@ -0,0 +1,15 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# thinking.type is accepted but has no effect: thinking stays on.
+base_model = "minimax/MiniMax-M2.1"
+structured_output = true
+reasoning_options = []
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.31257
+output = 1.2503
+cache_read = 0.03126
+cache_write = 0.39072
diff --git a/providers/ppio/models/minimax/minimax-m2.5-highspeed.toml b/providers/ppio/models/minimax/minimax-m2.5-highspeed.toml
new file mode 100644
index 00000000000..8e0034e3ce2
--- /dev/null
+++ b/providers/ppio/models/minimax/minimax-m2.5-highspeed.toml
@@ -0,0 +1,15 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# thinking.type is accepted but has no effect: thinking stays on.
+base_model = "minimax/MiniMax-M2.5-highspeed"
+structured_output = true
+reasoning_options = []
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.62515
+output = 2.50059
+cache_read = 0.03126
+cache_write = 0.39072
diff --git a/providers/ppio/models/minimax/minimax-m2.5.toml b/providers/ppio/models/minimax/minimax-m2.5.toml
new file mode 100644
index 00000000000..e7887f05c4b
--- /dev/null
+++ b/providers/ppio/models/minimax/minimax-m2.5.toml
@@ -0,0 +1,15 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# thinking.type is accepted but has no effect: thinking stays on.
+base_model = "minimax/MiniMax-M2.5"
+structured_output = true
+reasoning_options = []
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.31257
+output = 1.2503
+cache_read = 0.03126
+cache_write = 0.39072
diff --git a/providers/ppio/models/minimax/minimax-m2.7-highspeed.toml b/providers/ppio/models/minimax/minimax-m2.7-highspeed.toml
new file mode 100644
index 00000000000..16bbf649421
--- /dev/null
+++ b/providers/ppio/models/minimax/minimax-m2.7-highspeed.toml
@@ -0,0 +1,16 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# thinking.type is accepted but has no effect: thinking stays on.
+# reasoning_split = true splits thinking into reasoning_content.
+base_model = "minimax/MiniMax-M2.7-highspeed"
+structured_output = true
+reasoning_options = []
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.62515
+output = 2.50059
+cache_read = 0.06251
+cache_write = 0.39072
diff --git a/providers/ppio/models/minimax/minimax-m2.7.toml b/providers/ppio/models/minimax/minimax-m2.7.toml
new file mode 100644
index 00000000000..8f0ae34c63f
--- /dev/null
+++ b/providers/ppio/models/minimax/minimax-m2.7.toml
@@ -0,0 +1,16 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# thinking.type is accepted but has no effect: thinking stays on.
+# reasoning_split = true splits thinking into reasoning_content.
+base_model = "minimax/MiniMax-M2.7"
+structured_output = true
+reasoning_options = []
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.31257
+output = 1.2503
+cache_read = 0.06251
+cache_write = 0.39072
diff --git a/providers/ppio/models/minimax/minimax-m2.toml b/providers/ppio/models/minimax/minimax-m2.toml
new file mode 100644
index 00000000000..a07f83e15f0
--- /dev/null
+++ b/providers/ppio/models/minimax/minimax-m2.toml
@@ -0,0 +1,15 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# thinking.type is accepted but has no effect: thinking stays on.
+base_model = "minimax/MiniMax-M2"
+structured_output = true
+reasoning_options = []
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.31257
+output = 1.2503
+cache_read = 0.03126
+cache_write = 0.39072
diff --git a/providers/ppio/models/minimax/minimax-m3.toml b/providers/ppio/models/minimax/minimax-m3.toml
new file mode 100644
index 00000000000..a635d2a5bc4
--- /dev/null
+++ b/providers/ppio/models/minimax/minimax-m3.toml
@@ -0,0 +1,25 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = adaptive|disabled
+# reasoning_split = true splits thinking into reasoning_content.
+base_model = "minimax/MiniMax-M3"
+structured_output = true
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.31257
+output = 1.2503
+cache_read = 0.06251
+
+[[cost.tiers]]
+tier = { type = "context", size = 524_288 }
+input = 0.62515
+output = 2.50059
+cache_read = 0.12503
+
+[limit]
+context = 1_000_000
+output = 131_072
diff --git a/providers/ppio/models/moonshotai/kimi-k2-thinking.toml b/providers/ppio/models/moonshotai/kimi-k2-thinking.toml
new file mode 100644
index 00000000000..8045fa94736
--- /dev/null
+++ b/providers/ppio/models/moonshotai/kimi-k2-thinking.toml
@@ -0,0 +1,16 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# thinking.type is accepted but has no effect: thinking stays on.
+base_model = "moonshotai/kimi-k2-thinking"
+structured_output = true
+reasoning_options = []
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.59538
+output = 2.38152
+
+[limit]
+output = 100_352
diff --git a/providers/ppio/models/moonshotai/kimi-k2.5.toml b/providers/ppio/models/moonshotai/kimi-k2.5.toml
new file mode 100644
index 00000000000..6b632294c07
--- /dev/null
+++ b/providers/ppio/models/moonshotai/kimi-k2.5.toml
@@ -0,0 +1,13 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "moonshotai/kimi-k2.5"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.59538
+output = 3.12574
+cache_read = 0.10419
diff --git a/providers/ppio/models/moonshotai/kimi-k2.6.toml b/providers/ppio/models/moonshotai/kimi-k2.6.toml
new file mode 100644
index 00000000000..35f1446c0bd
--- /dev/null
+++ b/providers/ppio/models/moonshotai/kimi-k2.6.toml
@@ -0,0 +1,13 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "moonshotai/kimi-k2.6"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.96749
+output = 4.01881
+cache_read = 0.16373
diff --git a/providers/ppio/models/moonshotai/kimi-k2.7-code.toml b/providers/ppio/models/moonshotai/kimi-k2.7-code.toml
new file mode 100644
index 00000000000..0a7638cc602
--- /dev/null
+++ b/providers/ppio/models/moonshotai/kimi-k2.7-code.toml
@@ -0,0 +1,13 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# thinking.type is accepted but has no effect: thinking stays on.
+base_model = "moonshotai/kimi-k2.7-code"
+reasoning_options = []
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.96749
+output = 4.01881
+cache_read = 0.1935
diff --git a/providers/ppio/models/moonshotai/kimi-k3.toml b/providers/ppio/models/moonshotai/kimi-k3.toml
new file mode 100644
index 00000000000..6e099032b06
--- /dev/null
+++ b/providers/ppio/models/moonshotai/kimi-k3.toml
@@ -0,0 +1,19 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# limit.output follows PPIO: GET /openai/v1/models/moonshotai/kimi-k3 reports
+# max_output_tokens = 1048576, and the API accepts max_tokens = 1048576.
+# Toggle: thinking.type = enabled|disabled
+# Effort: reasoning_effort = low|high|max (default max)
+base_model = "moonshotai/kimi-k3"
+reasoning_options = [{ type = "toggle" }, { type = "effort", values = ["low", "high", "max"] }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 2.9769
+output = 14.88449
+cache_read = 0.29769
+
+[limit]
+output = 1_048_576
diff --git a/providers/ppio/models/xiaomi/mimo-v2.5-pro.toml b/providers/ppio/models/xiaomi/mimo-v2.5-pro.toml
new file mode 100644
index 00000000000..005356ec93c
--- /dev/null
+++ b/providers/ppio/models/xiaomi/mimo-v2.5-pro.toml
@@ -0,0 +1,14 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "xiaomi/mimo-v2.5-pro"
+structured_output = true
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.44653
+output = 0.89307
+cache_read = 0.00372
diff --git a/providers/ppio/models/xiaomi/mimo-v2.5.toml b/providers/ppio/models/xiaomi/mimo-v2.5.toml
new file mode 100644
index 00000000000..ff138133c14
--- /dev/null
+++ b/providers/ppio/models/xiaomi/mimo-v2.5.toml
@@ -0,0 +1,17 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "xiaomi/mimo-v2.5"
+structured_output = true
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.14884
+output = 0.29769
+cache_read = 0.00298
+
+[modalities]
+input = ["text", "image", "video"]
diff --git a/providers/ppio/models/zhipuai/glm-4.5-air.toml b/providers/ppio/models/zhipuai/glm-4.5-air.toml
new file mode 100644
index 00000000000..e97685733d7
--- /dev/null
+++ b/providers/ppio/models/zhipuai/glm-4.5-air.toml
@@ -0,0 +1,14 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "zhipuai/glm-4.5-air"
+structured_output = true
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.17861
+output = 0.29769
+cache_read = 0.03572
diff --git a/providers/ppio/models/zhipuai/glm-4.5v.toml b/providers/ppio/models/zhipuai/glm-4.5v.toml
new file mode 100644
index 00000000000..5e9690d9ec0
--- /dev/null
+++ b/providers/ppio/models/zhipuai/glm-4.5v.toml
@@ -0,0 +1,16 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "zhipuai/glm-4.5v"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.59538
+output = 1.78614
+cache_read = 0.11908
+
+[limit]
+context = 65_536
diff --git a/providers/ppio/models/zhipuai/glm-4.6.toml b/providers/ppio/models/zhipuai/glm-4.6.toml
new file mode 100644
index 00000000000..8c430a4492f
--- /dev/null
+++ b/providers/ppio/models/zhipuai/glm-4.6.toml
@@ -0,0 +1,15 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "zhipuai/glm-4.6"
+structured_output = true
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.59538
+output = 2.38152
+cache_read = 0.11908
+cache_write = 0.11908
diff --git a/providers/ppio/models/zhipuai/glm-4.6v.toml b/providers/ppio/models/zhipuai/glm-4.6v.toml
new file mode 100644
index 00000000000..89e772ed0a9
--- /dev/null
+++ b/providers/ppio/models/zhipuai/glm-4.6v.toml
@@ -0,0 +1,24 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# cache_read is published only for the 32768+ band (CNY 0.4); PPIO lists no
+# cache_read rate for the 1-32768 band.
+# Toggle: thinking.type = enabled|disabled
+base_model = "zhipuai/glm-4.6v"
+structured_output = true
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.14884
+output = 0.44653
+
+[[cost.tiers]]
+tier = { type = "context", size = 32_768 }
+input = 0.29769
+output = 0.89307
+cache_read = 0.05954
+
+[limit]
+context = 131_072
diff --git a/providers/ppio/models/zhipuai/glm-4.7-flash.toml b/providers/ppio/models/zhipuai/glm-4.7-flash.toml
new file mode 100644
index 00000000000..0020354ef1e
--- /dev/null
+++ b/providers/ppio/models/zhipuai/glm-4.7-flash.toml
@@ -0,0 +1,17 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "zhipuai/glm-4.7-flash"
+structured_output = true
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.07442
+output = 0.44653
+cache_read = 0.01488
+
+[limit]
+output = 128_000
diff --git a/providers/ppio/models/zhipuai/glm-4.7.toml b/providers/ppio/models/zhipuai/glm-4.7.toml
new file mode 100644
index 00000000000..dc53a831053
--- /dev/null
+++ b/providers/ppio/models/zhipuai/glm-4.7.toml
@@ -0,0 +1,26 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Tiered pricing: PPIO splits the 1-32000 context band by output length
+# (up to 200 output tokens at CNY 2/8, above at CNY 3/14). models.dev tiers
+# are context-only, so the general-case rate is used for that band.
+# cache_write is published only for the 32000+ band (CNY 0.8); PPIO lists no
+# cache_write rate for the 1-32000 band.
+# Toggle: thinking.type = enabled|disabled
+base_model = "zhipuai/glm-4.7"
+structured_output = true
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.44653
+output = 2.08383
+cache_read = 0.08931
+
+[[cost.tiers]]
+tier = { type = "context", size = 32_000 }
+input = 0.59538
+output = 2.38152
+cache_read = 0.11908
+cache_write = 0.11908
diff --git a/providers/ppio/models/zhipuai/glm-5.1.toml b/providers/ppio/models/zhipuai/glm-5.1.toml
new file mode 100644
index 00000000000..12a251c4a97
--- /dev/null
+++ b/providers/ppio/models/zhipuai/glm-5.1.toml
@@ -0,0 +1,22 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "zhipuai/glm-5.1"
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.89307
+output = 3.57228
+cache_read = 0.1935
+
+[[cost.tiers]]
+tier = { type = "context", size = 32_768 }
+input = 1.19076
+output = 4.16766
+cache_read = 0.29769
+
+[limit]
+context = 204_800
diff --git a/providers/ppio/models/zhipuai/glm-5.2.toml b/providers/ppio/models/zhipuai/glm-5.2.toml
new file mode 100644
index 00000000000..fb79261fc7d
--- /dev/null
+++ b/providers/ppio/models/zhipuai/glm-5.2.toml
@@ -0,0 +1,16 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Effort: reasoning_effort = none|high|max
+base_model = "zhipuai/glm-5.2"
+reasoning_options = [{ type = "effort", values = ["none", "high", "max"] }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 1.19076
+output = 4.16766
+cache_read = 0.29769
+
+[limit]
+context = 1_048_576
diff --git a/providers/ppio/models/zhipuai/glm-5.3-flash.toml b/providers/ppio/models/zhipuai/glm-5.3-flash.toml
new file mode 100644
index 00000000000..526c49f3add
--- /dev/null
+++ b/providers/ppio/models/zhipuai/glm-5.3-flash.toml
@@ -0,0 +1,20 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# thinking.type is accepted but has no effect: thinking stays on.
+# Effort: reasoning_effort = low|high|max (default max)
+base_model = "zhipuai/glm-5.3-flash"
+reasoning_options = [{ type = "effort", values = ["low", "high", "max"] }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.11908
+output = 0.41677
+cache_read = 0.03423
+
+[limit]
+context = 1_048_576
+
+[modalities]
+input = ["text", "image", "video"]
diff --git a/providers/ppio/models/zhipuai/glm-5.3.toml b/providers/ppio/models/zhipuai/glm-5.3.toml
new file mode 100644
index 00000000000..6d95e2ec918
--- /dev/null
+++ b/providers/ppio/models/zhipuai/glm-5.3.toml
@@ -0,0 +1,17 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# thinking.type is accepted but has no effect: thinking stays on.
+# Effort: reasoning_effort = low|high|max (default max)
+base_model = "zhipuai/glm-5.3"
+reasoning_options = [{ type = "effort", values = ["low", "high", "max"] }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 1.19076
+output = 4.16766
+cache_read = 0.29769
+
+[limit]
+context = 1_048_576
diff --git a/providers/ppio/models/zhipuai/glm-5.toml b/providers/ppio/models/zhipuai/glm-5.toml
new file mode 100644
index 00000000000..c069e88bd58
--- /dev/null
+++ b/providers/ppio/models/zhipuai/glm-5.toml
@@ -0,0 +1,23 @@
+# CNY→USD rate: 6.718405, 2026-09-20, source: https://open.er-api.com/v6/latest/USD
+# CNY list price source: https://ppio.com/pricing
+# Toggle: thinking.type = enabled|disabled
+base_model = "zhipuai/glm-5"
+structured_output = true
+reasoning_options = [{ type = "toggle" }]
+
+[interleaved]
+field = "reasoning_content"
+
+[cost]
+input = 0.59538
+output = 2.67921
+cache_read = 0.14884
+
+[[cost.tiers]]
+tier = { type = "context", size = 32_000 }
+input = 0.89307
+output = 3.27459
+cache_read = 0.22327
+
+[limit]
+context = 202_800
diff --git a/providers/ppio/provider.toml b/providers/ppio/provider.toml
new file mode 100644
index 00000000000..3af52736a21
--- /dev/null
+++ b/providers/ppio/provider.toml
@@ -0,0 +1,20 @@
+name = "PPIO"
+env = ["PPIO_API_KEY"]
+npm = "@ai-sdk/openai-compatible"
+# Reasoning controls, verified against POST /openai/v1/chat/completions (2026-09-21).
+# `thinking.type` = enabled|disabled toggles thinking; `reasoning_effort` sets
+# effort. Which control a model exposes differs:
+# - Toggle only: the Qwen 3.5, 3.6 and 3.8-27b models, deepseek-v3.2,
+#   minimax-m3, kimi-k2.5, kimi-k2.6, mimo-v2.5, mimo-v2.5-pro, glm-4.5-air,
+#   glm-4.5v, glm-4.6, glm-4.6v, glm-4.7, glm-4.7-flash, glm-5, glm-5.1.
+#   minimax-m3 takes adaptive|disabled; `enabled` is rejected.
+# - Effort only: qwen3.8-2.4t-a95b, glm-5.2, glm-5.3, glm-5.3-flash. For the
+#   glm-5.3 pair `thinking.type` is accepted but ignored, thinking stays on.
+# - Toggle and effort: the DeepSeek V4 family and kimi-k3.
+# - No caller control: the minimax-m2 family, kimi-k2-thinking, kimi-k2.7-code.
+#   `thinking.type` is accepted but ignored, thinking stays on.
+# deepseek-v3.2 is the one model that starts with thinking off; every other
+# reasoning model thinks by default. Responses carry the reasoning side
+# channel in `reasoning_content`.
+doc = "https://ppio.com/model-api/product/llm-api"
+api = "https://api.ppio.com/openai/v1"