Nio Onvo
Deutsche Bank expects Nio brand to sell 223,000 cars in 2025, Onvo 219,000, Firefly 8,000
Deutsche Bank raised its sales forecast for Nio Inc in 2025, using the same 450,000 full-year 2025 sales assumption as the company's guidance.
Nio Onvo aims to have up to 1,000 stores by end of 2025, report says
Onvo aims to have at least 500 stores by March next year and 800-1,000 by the end of 2025, according to local media.
Nio Onvo says deliveries have exceeded 7,000, reiterates monthly volume to exceed 20,000 in Mar 2025
Orders for the Onvo L60 far outperformed those for other models launched at the same time, with production orders already lined up for the first quarter of next year, Onvo president said.
Nio Onvo L60 wait time slightly reduced to 10-14 weeks
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.
Nio Onvo's 2nd model expected to be released by end of Q1 2025, report says
The new mid-to-large-size SUV will be a key weapon in Onvo's drive to boost deliveries next year, a local media report said.
Nio Onvo promises customers ordering L60s now will get deliveries within this year
Nio's sub-brand Onvo has promised that customers ordering L60s now will get deliveries within this year, saying that bottlenecks previously limiting capacity ramp-up are being quickly resolved.
Nio Onvo begins L60 deliveries
The Onvo L60 is currently only available with a 60-kWh battery pack, and deliveries of long-range vehicles with an 85-kWh pack are expected to begin in December.
Nio targets Onvo L60 capacity of 5,000 units in Oct, 20,000 by Mar 2025
Onvo L60 production capacity is expected to reach 10,000 units in December, at least 16,000 units in January and 20,000 units by March, William Li said.
Onvo L60 success paves way for Nio brand revival, says Deutsche Bank
That's because all upcoming Nio-branded products will come from NT 3.0 technology, which not only offers superior performance but also outstanding cost savings, Deutsche Bank said.
Nio Onvo launches L60 to take on Tesla Model Y, and wider competition
Nio's sub-brand Onvo has officially launched its first model, the L60, which is priced much lower than the Tesla Model Y, but brings more interior space and better features.
