Written by Cláudio Afonso | LinkedIn | X
Nio’s sub-brand Onvo registered 1,200 units in the fourth week of October bringing month to date figures to 3,430 units.
Nio brand registered 4,200 vehicles between October 21 and 27, up from 3,900 units in the previous week, according to the data shared by the new energy vehicle (NEV) maker Li Auto.
According to the Nio Group CEO William Li, the company expects Onvo to produce 5,000 units in October, 10,000 by December, and 20,000 by March 2025.
Onvo began nationwide deliveries on September 28, delivering 832 units in the last days three of the month. The long-range variant of the L60, equipped with an 85 kWh battery, will start being delivered in December.
Onvo is planning to launch two new vehicles in 2025. A 6-7 seat SUV will be unveiled by the end of the first quarter with deliveries starting “around May” 2025.
A second model, which will be the brand’s first sedan, is planned to be unveiled in the second half of the year, the automotive blogger ThinkerCar said on X last week adding that the brand “will maintain a pace of launching one new vehicle annually in the future”.
On Monday, Onvo president Alan Ai said Nio has opened 18 new fourth-gen battery swap stations last week while upgrading 53 third-gen stations — making them compatible with the Onvo vehicles — as it speeds up the charging and swapping infrastructure.
In a recent research note, Deutsche Bank analyst Wang Bin stated that Onvo has received over 30,000 non-cancelable orders since its launch, though official data on confirmed orders has not been disclosed.
The L60’s standard-range model, featuring a 60 kWh battery, is priced at 206,900 yuan ($29,050), while the long-range 85 kWh variant starts at 235,900 yuan ($33,120).
Nio’s second sub-brand, Firefly, will be unveiled on December 21 at the company’s annual event. This year’s edition will be held in Guangzhou and the brand will arrive in the European markets in 2025 despite the tariffs by the European Commission, as Automotive News Europe reported on Monday.
Written by Cláudio Afonso | LinkedIn | X
