Written by Cláudio Afonso | LinkedIn | X
Nio’s sub-brand Onvo registered 370 vehicles between February 3 and 9, data shared by the Chinese carmaker Li Auto showed on Tuesday.
When combined with the 1,100 registrations of the Nio brand, the group’s figures stood at nearly 1,500 vehicles — down from 5,800 in the two previous weeks combined.
Among new energy vehicle (NEV) startups, the Nio brand ranked 9th with the same number of insurance registrations as the Huawei-backed premium brand Aito. Zeekr, another Chinese premium NEV maker, registered 2,400 units.
Registration numbers stayed low across most manufacturers due to ongoing disruptions from the Chinese New Year holiday, which took place from January 28 to February 4.
Regarding the Onvo brand and its direct competitors, Tesla registered 3,800 units of the ‘old’ Model Y. The brand has recently stopped selling the previous version of the world’s best-selling vehicle as it prepares to start global deliveries of the new one next month.
Monthly Deliveries
The brand met its December target and crossed 10,000 units, but January figures showed deliveries were significantly below the 16,000-unit target initially set. Onvo delivered 5,912 last month and aims to deliver 20,000 L60 SUVs in March.
Onvo is preparing to launch two new SUV models this year and missed January’s production target of 16,000 units.
February Incentives
Onvo announced last week limited-time incentives for its L60 SUV as it fights increased competition in China from both Tesla but also domestic brands, such as Zeekr’s latest SUV – the 7X.
Customers who place a deposit by February 28 will be eligible for a 0% down payment and a three-year interest-free financing plan valued at 14,840 yuan ($2,040), the company said last Friday.
