Written by Cláudio Afonso | LinkedIn | X
Onvo, the sub-brand of electric vehicle maker Nio, registered 1,300 units from October 28 to November 3, up from the 1,200 units recorded in the previous week.
According to the latest weekly insurance data shared on Tuesday by new energy vehicle (NEV) maker Li Auto, Nio registered 4,400 units under the Nio brand, marking a 4.4% increase week over week.
Onvo, which started deliveries of its first model on September 28, is now ramping up production at the Nio factory aiming to deliver 10,000 units in December and 20,0000 in March next year.
The brand, led by Alan Ai, had targeted 5,000 units for October, the first full month of production for Onvo.
Last week, Alan Ai said on Weibo that Xiaomi’s debut model SU7 “has been an outstanding product” as it reached 20,000 units delivered in October, just seven months after the first mass-produced unit rolled off the production line.
Alan Ai added that the Onvo L60 will surpass SU7’s numbers regarding the production ramp-up adding that the company aims to reach over 20,000 by the sixth month, one month earlier than Xiaomi.
Nio reported last Friday that its sub-brand currently operates 166 centers and spaces across 60 cities in China, providing Onvo customers with access to 584 battery swap stations as it accelerates the rollout of new stations nationwide.
In October, Nio Group delivered a total of 20,976 electric vehicles including 4,319 units of its sub-brand Onvo and 16,657 vehicles of the Nio brand.
The target for December is 10,000 units, while March is expected to see 20,000 units of the family-oriented SUV, according to the company’s management.
Onvo is planning to launch two new vehicles in 2025. A 6-7 seat SUV will be unveiled by the end of the first quarter with deliveries starting “around May” 2025.
A second model, which will be the brand’s first sedan, is planned to be unveiled in the second half of the year, the automotive blogger ThinkerCar said on X last week adding that the brand “will maintain a pace of launching one new vehicle annually in the future”.
The L60’s standard-range model, featuring a 60 kWh battery, is priced at 206,900 yuan ($29,050), while the long-range 85 kWh variant starts at 235,900 yuan ($33,120).
Written by Cláudio Afonso | LinkedIn | X
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