Written by Cláudio Afonso | LinkedIn | X
Nio’s sub-brand Onvo registered 1,700 units of its debut model, the L60, in China between December 9 and 15, marking its second-best weekly performance since deliveries began on September 28, data shared by multiple automotive bloggers showed on Tuesday.
The figure marks a 21.4% increase from the first week of December but falls short of the significant production ramp-up investors have been expecting. Meanwhile, the EV maker is set to unveil its second sub-brand, Firefly, next weekend at its annual event.
For November, Onvo delivered 5,082 vehicles, surpassing its target of 5,000 units and up 17.6% from October, when deliveries totaled 4,319 units. The company’s management reiterated last week that now aims to double deliveries to 10,000 units in December and plans to scale up further to 20,000 units by March 2025.
The brand’s chief Alan Ai has recently stated that if the December and March delivery goals are not met, he will step down.
Onvo, which unveiled the L60 in May, is preparing to launch two new family-oriented SUVs in 2025. Speaking at a media briefing in Shanghai last week, Nio’s founder and CEO William Li said deliveries of the new models are expected to begin in the third and fourth quarters of next year.
One of the upcoming models will be a six-seater electric SUV designed for larger families, while the other will be a five-seater SUV larger than the current L60.
Nio’s third manufacturing facility, named F3, is set to commence production in the third quarter of 2025, Li confirmed last week. The plant is located in Hefei, alongside Nio’s two existing factories.
Onvo announced last Friday that L60 has scored a 5-star safety rating under the 2024 China New Car Assessment Program (C-NCAP).
Addressing concerns over infrastructure readiness, Onvo’s head of user and service operations, Xia Qinghua, said earlier this month that while over 1,000 battery swap stations have been prepared for Onvo vehicles, only 700 to 800 stations are currently operational due to “limited battery production capacity at the moment.”
“We prioritize fulfilling long-pending vehicle orders by allocating batteries for deliveries first. However, efforts to equip battery swap stations with Onvo-compatible batteries will accelerate in the future,” the executive added in a video statement shared on social media.
Written by Cláudio Afonso | LinkedIn | X
