Written by Cláudio Afonso | LinkedIn | X
Alan Ai, President of Nio’s sub-brand Onvo, reaffirmed on Friday at the Guangzhou Auto Show that the company aims to deliver more than 10,000 units in December and exceed 20,000 by March next year.
The executive added that if these goals are not met, he will step down.
The brand had previously targeted 5,000 units in October — its first full month of production — however, actual deliveries fell short, reaching 4,319 units.
Onvo, the sub-brand of Chinese electric vehicle maker Nio, registered 820 units from November 4 to 10, marking a 37% decrease from 1,300 units in the prior week, according to weekly insurance data released on Tuesday.
The main Nio brand recorded 3,000 units, down 31.8% from 4,400 in the previous week. In total, Nio Group’s registrations stood at 3,820, a decline from 5,700 the week before.
Alan Ai added on Friday that cumulative deliveries of the L60 reached over 7,000 units as of November 14, six weeks after the company started delivering its debut model, the L60.
The executive stated that Onvo’s intelligent driving system is now available in over 726 cities and 2,700 county-level regions, with approximately 80% of delivered vehicle users activating the smart driving features.
Onvo plans to operate over 300 stores in 80 cities and more than 350 service centers in 180 cities by the end of the year. Regarding battery-swapping infrastructure, Ai said the company will surpass 1,000 stations by year-end, with plans to double that figure by April 2025.
Onvo’s chief executive has recently commented on the competition with Xiaomi’s debut SUV, the SU7, which reached 20,000 deliveries in October, seven months after starting nationwide deliveries.
Ai said he is confidence that Onvo’s L60 model would surpass SU7’s production ramp-up, projecting over 20,000 units by the sixth month—one month ahead of Xiaomi’s timeline.
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.
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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