Nio
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Nio to launch sub-brand Onvo on May 15, report says
Nio will officially launch sub-brand Onvo on May 15, with the new brand's first model to go on sale in the third quarter and deliveries to begin in the fourth quarter, according to local media.
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Nio's orders up 19% in Apr from Mar, Deutsche Bank survey shows
The sequential increase in new orders for Nio in April was mainly due to lower prices for its BaaS battery rental service, according to Deutsche Bank.
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China EV insurance registrations for week ending May 5: Nio 3,600, Tesla 11,000, BYD 52,600, Xiaomi 1,300
Li Auto had 5,300 insurance registrations last week and Xpeng 1,400.
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Onvo L60 seen without camouflage next to Nio swap station
This is the first time the side of the Onvo L60 has been seen in its entirety without camouflage, showing that the model looks somewhat similar to Nio's coupe SUV model, the EC6.
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Nio sub-brand Onvo to use BYD batteries, report says
BYD has been renovating its battery pack production lines in Anhui province and will supply smaller a battery pack for a version of Onvo's new EV, according to Reuters.
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Nio provides 65,779 battery swap services on average per day in Apr
On average, each Nio user made four battery swaps in April, each lasting about three minutes.
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Nio sub-brand Onvo's website goes online
Onvo's website address is onvo.cn, and the text in the center of the page reads "First model L60, stay tuned."
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Nio rumored to reveal management team for Onvo sub-brand on May 9
The head of the Onvo brand is Ai Tiecheng, a senior vice president at Nio who was previously general manager of WeWork Greater China.
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Nio delivers 15,620 cars in Apr, growth outshines Li Auto and Xpeng
In January-April, Nio delivered 45,673 vehicles, up 21.15 percent year-on-year.
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China EV insurance registrations for week ending Apr 28: Nio 4,960, Tesla 14,860, BYD 63,300
Xpeng had 2,700 insurance registrations last week, Li Auto 7,060, Zeekr 5,000 and Xiaomi 1,670.
