Nio Group‘s sub-brand Onvo has expanded to its first international market, a year and a half after starting deliveries in China of its debut model.
Despite having added a second model to its lineup last August, the brand reported on Sunday its worst month since launch with 3,481 vehicles delivered in January — a 62% decline from December and a 41% drop from a year earlier.
Despite a 96% year-over-year sales increase for the Nio Group, both sub-brands recorded their weakest months ever while the group relied on a single model — the ES8 — to sustain demand across its three brands and eleven models.
Nio‘s US-listed shares fell 3.8% on Monday, touching an intraday low of $4.38, the lowest since August 14.
Onvo‘s January figures came in below the 4,319 units recorded in October 2024, the brand’s first full month of deliveries in China.
Last month’s result represents global deliveries, with exact domestic figures only being disclosed by the China Passenger Car Association later this month.
Uzbekistan Launch
The first authorized showroom opened last Saturday in Tashkent in partnership with local distributor Abu Sahiy Motors.
Onvo-branded models will serve as the primary sales focus in the Uzbek market, with the L90 and L60 available for purchase.
The expansion to Uzbekistan was first announced in August, when Nio Group also confirmed Singapore and Costa Rica as upcoming markets.
The first deliveries in Singapore took place on Sunday, a market where Nio entered exclusively with its Firefly sub-brand.
Other International Markets
Later this year, Onvo will also expand to Costa Rica, marking the first market in the Americas for Nio Group.
Despite Canada recently slashing tariffs on imported Chinese EVs to 6.1% from the 100% imposed in 2024 — when Ottawa matched the Biden Administration’s move — the EV maker has not publicly disclosed any plans to expand to the country.
Europe in 2027
Nio plans to introduce Onvo to European markets starting in 2027, founder and CEO William Li said during a visit to the region last November.
“Nio vehicles are significantly pricier than our competitors because of the tariff and also the premium positioning of Nio,” Li said. “But now we have Firefly, and in 2027 we will be having Onvo, which are more affordable even after or with the tariff.”
The EV maker expanded to Europe with its main brand in September 2021 via Norway, adding Germany, the Netherlands, Sweden, and Denmark a year later.
It has recently officially launched in Greece, Portugal, Austria, Belgium, and Hungary.
Delivery Decline
The brand’s monthly deliveries peaked at 17,342 units in October 2025, driven by the production ramp-up of the L90 three-row SUV. Since then, volumes have declined sharply.
In early November, Li admitted that Onvo would be the most affected by the end of subsidies in China.
“Our Onvo L60 and L90 are majorly affected by this cancellation as they are in a relatively low price segment and are more sensitive to such changes,” Li said at the time.
New Incentives
Nio’s main brand and Onvo launched a seven-year financing program last weekend with an annual rate of 0.49%, matching offers from Tesla, Xiaomi, XPeng, and other automakers competing for buyers in China’s crowded EV market.
The promotion, running from February 1 to February 28, allows customers to purchase vehicles with a down payment starting at 20% and daily payments as low as 69 yuan ($10).
The program includes zero financial service fees and no penalties for early repayment, with same-day vehicle pickup available after online approval, the company said.
Earlier last week, Onvo launched a Spring Festival promotional campaign offering test drive incentives and New Year gift packages.
Customers who complete a test drive can receive various New Year products, while buyers will receive a gift package valued at nearly 1,000 yuan.
Product Roadmap
The brand will launch its third model this year, a large five-seat SUV that retains most of the L90’s exterior design.
Onvo will also introduce new versions of the L90 equipped with LiDAR sensors to enable better assisted driving performance — a key selling point in the world’s most competitive EV market.
In June, Onvo filed the L80 with China’s Ministry of Industry and Information Technology, showing that only the seating layout will differ from the L90, allowing most components to be shared across both models.
“Onvo needs to concentrate on doing a small number of important things well. Recently, we have made the Onvo L90 the short-term top priority for the entire Onvo brand,” co-founder and President Lihong Qin said last August at the Chengdu Auto Show.
Last year, several Wall Street analysts have cited the L80 launch as a potential catalyst for scaling Onvo sales later this year.
