Chinese customers who currently buy the Onvo L60 are expected to get deliveries 10-14 weeks after locking in their orders, down from 12-16 weeks previously.
Delivery wait time in China for the L60, the first model from Nio's (NYSE: NIO) sub-brand Onvo, became slightly shorter, signaling that production capacity may have been boosted.
Chinese customers who currently order each variant of the Onvo L60 are expected to get deliveries 10-14 weeks after locking in their orders, information from the Onvo App shows.
That wait time is about 2 weeks shorter than the 12-16 weeks it was when CnEVPost began monitoring it at the end of October.
The Onvo L60 was launched on September 19 and deliveries began on September 28.
The model's production capacity was expected to reach 5,000 units in October and 10,000 units in December, William Li, Nio's founder, chairman and CEO, said in a September 20 media communication.
By January 2025, the capacity would reach at least 16,000 units and 20,000 units by March, Li said at the time.
On September 29, Onvo said in a Q&A posted to its mobile app that the L60's production pace may be brought forward a little from the original plan.
Onvo L60 delivered 832 units in September and 4,319 in October, according to figures previously announced by Nio.
Separately, a regulatory filing last week revealed that Nio has added a new CATL manufacturing site as a source of battery supply for the Onvo L60.
In the original filing information for the Onvo L60, its batteries included lithium ternary batteries supplied by CALB, as well as lithium iron phosphate batteries supplied by CATL's production site in Liyang, Jiangsu province, and BYD's battery site in Wuwei, Anhui province.
A CATL production bases in Luoyang, Henan province appears in the battery supply information for the Onvo L60 in the changed battery supply sources, while the rest remains unchanged.
Information on the Onvo L60's configuration page shows that for the rear-wheel-drive variant, the standard range version is equipped with a battery pack with a capacity of 60 kWh for a CLTC range of 555 kilometers, and the long-range version is equipped with a battery pack with a capacity of 85 kWh for a range of 730 kilometers.
Nio Onvo's 2nd model expected to be released by end of Q1 2025, report says
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