Onvo

Delivery wait time for the Onvo L60 has been reduced to 4-6 weeks from 8-10 weeks previously, after the model saw record insurance registrations last week.

Nio will offer 10 years of free use of five L60s at the December 31 New Year's Eve gala on one of China's most-watched television channels.

That's about 100 days after the L60 was launched, meaning the model has delivered at least 9,767 units so far this month.

Onvo's president re-emphasized that this month's target of delivering more than 10,000 units will be met, after weekly data showed that deliveries remained slow last week.

The first model from the Nio battery swap alliance is doing winter testing, and the Firefly sub-brand will start selling in Europe next year.

Nio expects the Onvo sub-brand to sell around 240,000 units for the full year in 2025, with the Firefly sub-brand selling around 5,000 units per month, according to local media.

Chinese customers ordering the Onvo L60 now have an estimated delivery wait time of 8-10 weeks, down from 10-14 weeks previously.

Deliveries of the L60 are proceeding at a set pace with a goal of delivering more than 10,000 units in a single month in December, Onvo president said.

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.

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.