William Li

Nio will spare no effort to achieve its target of turning a profit in the fourth quarter and accept any possibility, William Li said.

Onvo had originally planned to launch the L80 five-seat SUV in the fourth quarter of this year but delayed it due to tight factory capacity.

Accompanying William Li on the European trip are Firefly president and Nio CFO Stanley Qu, who also heads Nio Power.

Li told employees that the fourth-quarter profitability target must be achieved, and everyone should intensify their efforts.

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.

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

Nio's William Li said that with the improvement of infrastructure and innovation in products and technology, the era of electrification for large-space SUVs has arrived.

Li's remarks imply that Onvo delivered at least 6,160 vehicles in May.

Onvo's cumulative deliveries at the end of April totaled 39,942 vehicles.

Nio's William Li delivered an ET9 to ZF CEO Holger Klein on the first day of the 2025 Shanghai auto show.