Shanghai-based Nio Group sold 6,670 vehicles across its three brands between September 15 and 21, an 8.1% increase from 6,170 units the previous week.
According to weekly insurance registration data published on Chinese social media on Tuesday, insurance registrations for the Nio premium marque totaled 2,580 units, up 6.4% from 2,425 the prior week.
The Onvo sub-brand contributed 2,780 registrations, a 6.1% increase from 2,620, including 2,410 units of the L90 large SUV.
Firefly accounted for 1,310 registrations, rising 16.4% from 1,125 the week before.
Within the Nio lineup, the ET5 and ET5 Touring together logged 1,580 registrations, followed by 930 for the ES6/EC6, 370 for the OnvoL60, 40 for other models, and 30 for the ET7.
Following the launch of the third-generation ES8 over the weekend, the brand’s sales are expected to increase in the coming weeks.
The planned production capacity — of 40,000 vehicles until the end of 2025 — was fully allocated within minutes of the launch.
According to Nio, new orders for the SUV now have a waiting delivery time of between 24 to 26 weeks, meaning that customers will likely receive their orders in March 2026.
The six-seater, unveiled late last month, debuted shortly after the release of the three-rowed L90 SUV, under the Onvo brand.
The brand, founded and led by William Li, is focused on ensuring the fastest delivery of its three-row vehicles in the last months of the year.
In mid-August, to stem cancellations for the L90 as it struggled with production ramp up, Onvo introduced an “L90 Waiting Points” programme.
If the car isn’t delivered within 28 days of the order lock, customers accrue 500 points per day from day 29 — according to the brand.
Given the strong order figures for the ES8 SUV, the same system will be applied to the model.
Customers whose wait times exceed eight weeks will receive “peace-of-mind waiting points,” accumulating at 500 points per day from the 57th day after order lock-in until delivery.
Additionally, Nio is granting each order locked in before December 31, a voucher covering any additional purchase tax incurred if invoicing and delivery slip into 2026 due to Nio‘s production or logistics delays.
Following the weekend’s event, Bank of America raised on Monday its price target on the US-listed shares of Nio to $7.60 from $7.10.
The new target implies an upside of just over 3% from Friday’s close at $7.37.
