Chinese customers ordering the Onvo L60 now have an estimated delivery wait time of 8-10 weeks, down from 10-14 weeks previously.
The delivery wait time for the L60, the first model from Nio's (NYSE: NIO) Onvo sub-brand, has been further shortened in China, after a similar change was seen in the middle of last month.
Chinese customers who currently order any variant of the Onvo L60 are expected to get deliveries 8-10 weeks after locking in their orders, information on the Onvo App shows.
The wait time has been shortened from the previous 10-14 weeks.
The last change in the Onvo L60's wait time was on November 12, when it was shortened from 12-16 weeks to 10-14 weeks.
CnEVPost has been monitoring daily since the end of October for changes in wait times for the Onvo L60. The wait times for Nio brand models have not changed since April.
The Onvo L60 was launched on September 19 with a starting price of RMB 206,900 ($28,570) including the battery, and deliveries began on September 28.
The model is available in single-motor rear-wheel-drive and dual-motor all-wheel-drive versions, with 60-kWh and 85 kWh options for battery pack capacity.
The Onvo L60 delivered 832 units in September and 4,319 units in October, according to figures previously announced by Nio.
Nio is expected to announce its November deliveries in a few hours, with the Onvo L60's deliveries for last month expected to be known.
In the week ending November 24, Onvo had 1,300 insurance registrations in China, up 27.45 percent from 1,020 in the previous week, according to data compiled by CnEVData.
Deliveries of the Onvo L60 were proceeding at a set pace, with the goal of delivering more than 10,000 units in a single month in the third month after deliveries begin, which is December of this year, Onvo president Alan Ai wrote in a November 27 Weibo post.
The model supports battery swap like all of Nio brand's models, and Nio's latest fourth-generation battery swap stations are directly compatible with Onvo models, while the third-generation stations needed to be modified to do so.
Between November 25 and December 1, the number of available battery swap stations for Onvo increased by 44, including 10 fourth-generation stations and 34 third-generation stations, the Nio sub-brand announced on its mobile app earlier today.
To date, a cumulative total of 764 battery swap stations in China support the Onvo L60.
Yesterday, Onvo said in a Weibo post that more than 1,000 battery swap stations will be available to it by December 31, repeating a previous goal.
The number of battery swap stations available to Onvo is expected to reach 2,000 by April 2025, the Nio sub-brand said yesterday.
As of today, Nio Inc has 2,742 battery swap stations in China, 902 of which are located along highways, according to data compiled by CnEVPost.
Deutsche Bank expects Nio brand to sell 223,000 cars in 2025, Onvo 219,000, Firefly 8,000
($1 = RMB 7.2429)