Written by Cláudio Afonso | LinkedIn | X
Nio said Wednesday it delivered 31,138 electric vehicles in December, a new monthly record for the Shanghai-based carmaker. Deliveries included 20,610 units from the Nio brand and 10,528 from its second brand, Onvo.
Nio’s founder and CEO, William Li, had promised to hit 30,000 deliveries in December, including 10,000 for Onvo. Onvo’s chief, Alan Ai, stated in mid-November that he would resign if the target was not achieved.
In 2024, Nio’s sales increased by 38.7% to 221,970 units. Starting in April 2025, Nio’s third brand, Firefly, is planned to begin deliveries in China, with the company projecting 50,000 deliveries for the year.
Nio aims to double its deliveries in 2025, targeting over 440,000 units, driven largely by its mass-market brands Onvo and Firefly, its cheapest brand, whose deliveries are planned to start in China in late April. Last week’s rate of 10,700 vehicles would result in more than half a million vehicles sold per year.
As confirmed earlier this month by Nio’s chief executive, the company’s third EV manufacturing plant is planned to begin production in the third quarter of next year. The factory is located in Huainan, Hefei, where Nio’s two existing factories are also situated.
Written by Cláudio Afonso | LinkedIn | X
