Onvo, the family-oriented sub-brand of Nio, said on Wednesday that it delivered 11,743 vehicles in June — up 83.5% from a year ago.
Despite posting the fastest year-over-year growth of the group’s three marques, June figures showed a 2.4% slip from the 12,029 units delivered in May.
The June result lifted Onvo‘s first-half deliveries to 42,463, up 60.5% year over year, and left the sub-brand at 28.9% of the group’s 40,597 June total, down from the 31.9% share it held in May.
That volume fed into the 107,658 vehicles the group delivered across its three brands in the second quarter, a total that landed 2,342 below the 110,000-to-115,000 range that the company guided to in March.
A Sequential Dip
Onvo‘s June was the only month-over-month decline among the three brands, after May deliveries of 12,029 marked its strongest month of 2026, a 124.8% surge from April’s 5,352.
Even with the dip, the sub-brand’s 83.5% year-over-year gain outpaced the main Nio brand’s 50.1% and the compact Firefly marque’s 76.7% in June.
Onvo‘s second-quarter deliveries totaled 29,124 — the sum of April’s 5,352, May’s 12,029 and June’s 11,743 — which added to a first-quarter 13,339 produces the 42,463 first-half figure the company reported.
That first-half total made Onvo the group’s second-largest brand by volume behind the main marque, ahead of Firefly, and underpinned the record 191,123 vehicles the group delivered in the half.
The sub-brand surpassed 150,000 cumulative deliveries in May, two years after its introduction.
Onvo‘s sales volume is nearly a China-only story for now, with the group having confirmed a European launch only in 2027 — trailing the more export-focused Firefly into overseas markets.
A Brand Still Below Its Target Mix
Through the first five months of 2026, Onvo contributed 30,720 of the group’s 150,526 global deliveries, a 20.4% share that sits well below the destination William Li outlined in late May.
Li described a long-term 35-55-10 brand mix that would see Onvo eventually account for 55% of group sales, the main Nio brand 35%, and Firefly 10%.
The founder conceded in late April that the sub-brand’s biggest issue was still low awareness, likening its recognition to that of the namesake premium marque back in 2019.
To close the gap, the group has rolled out a multi-brand “Sky Store” format, first opened in Jiangmen, Guangdong, in February, bringing Nio, Onvo and Firefly under one roof, and the sub-brand ended the first quarter with 10 more stores than at the end of 2025.
Morgan Stanley analyst Tim Hsiao has said the group plans to expand Onvo with two to three new models in the 150,000-to-200,000-yuan segment, targeting 8% to 10% market share, though the company has set no specific volume target for the sub-brand.
A Three-SUV Lineup Hitting Its Stride
Onvo‘s volume now rests on three large electric SUVs: the five-seat L80, the six- and seven-seat L90, and the original L60.
The L80 officially launched on May 15 in Shanghai — the brand’s second anniversary and World Family Day — entering at 242,800 yuan, or 156,800 yuan under Nio‘s battery-as-a-service plan, a structure that maintained a 17,700-yuan undercut versus Tesla‘s Model Y in China.
The refreshed 2026 L90 began deliveries on May 9 as the sub-brand’s first model with a LiDAR-equipped variant, holding its starting price at 265,800 yuan, or 179,800 yuan under BaaS.
The L90 had earlier been the model that rescued the sub-brand from a troubled 2025 start, driving Onvo to a monthly record of 17,342 the previous October.
Gen-3 L60
Onvo completed its lineup refresh on June 12, launching and beginning nationwide deliveries of the third-generation L60, the mid-size SUV that has reached nearly 100,000 buyers since its September 2024 debut.
The new L60 starts at 192,800 yuan with the battery included or 135,800 yuan under Nio‘s battery-as-a-service plan — 14,100 yuan below the outgoing model despite pre-launch signals it would cost more, repeating the below-pre-sale pricing pattern the group set with the ES9 and earlier L80.
The refresh carries 106 upgrades and offers 60-kWh and 85-kWh packs across Pro, Max+ and Ultra+ trims, with LiDAR on the higher grades, so that by the end of June every Onvo model offered a LiDAR-equipped variant — aligning the sub-brand with the main Nio brand’s standard-LiDAR approach.
Buyers locking orders by June 30 could access a benefits package the brand valued above 53,000 yuan.
Shen Fei said the third-generation L60 completed a 1,000-kilometer drive on each of four separate routes while pausing for only three minutes of energy replenishment, a result he used to argue that buyers worry too much about charging.
Competitive Rivalry
Onvo‘s L80 launch reopened public hostilities with Li Auto, which used the same May 15 date to launch its L9 Livis, both leaning on World Family Day for family-SUV moves.
Asked about a comparison between the two vehicles, brand chief Shen Fei said that whenever Li Auto comes up, “what comes to mind are some rather unpleasant memories,” a reference to social-media clashes between the brands in 2025.
