Nio

For industry demand, achieving even half of this year's fourth-quarter levels in the first quarter of next year would be a positive outcome, Li said.

Nio has confirmed for the first time that the company works with McLaren and has received technical service revenue from the automaker.

Nio aims to deliver 150,000 vehicles in the fourth quarter, averaging 50,000 deliveries per month.

Nio posted a net loss of RMB 4.99 billion ($697 million) in the second quarter, its smallest since the fourth quarter of 2023.

Onvo's registrations last week totaled 3,673 units, down 10.50 percent from the previous week's 4,104 units. Both Nio and Firefly brands saw growth.

Onvo delivered 16,434 units in August, becoming Nio Inc's highest-selling model in a single month with a 175.00 percent increase from July.

Both the Onvo L90 and the new Nio ES8 are high-priced products with solid gross margins, Li said.

The 10,000th L90 was delivered at the Chengdu auto show, 29 days after the SUV began deliveries on August 1.

This is expected to enhance the appeal of Nio models and reduce complaints about their relatively low range.

Nio will provide limited-time free battery swap services for Nio and Onvo owners on the G318 road to Mount Everest, demonstrating that its EVs can go anywhere.