Nio reports a 2.53% increase in vehicle deliveries for July, with a total of 21,017 cars delivered compared to the same period last year.
Onvo, a sub-brand of Nio Inc, has launched its flagship SUV, the L90, with deliveries beginning on August 1. The initial deliveries of the L90 have taken place in 44 cities across China.
The L90, priced at RMB 265,800 (approximately $36,850 USD), includes an 85-kWh battery pack. The starting price represents a reduction of RMB 14,100 from the pre-sales price. This aggressive pricing strategy is key to driving demand and supporting Nio's goal of achieving its first quarterly profit in Q4 2025.
The launch of the L90 marks the first vehicle deliveries for Onvo's sub-brand. The Hefei factory producing the L90 is running at full capacity, with overtime shifts to meet the delivery targets. The strong initial uptake of the L90 is seen as a potential make-or-break model for Nio's sales momentum in the near term.
The L90's launch has led to a significant increase in demand, with wait times for delivery stretching to 8-10 weeks. This robust sales momentum is expected to boost Nio's August delivery volume significantly, with the company targeting over 10,000 L90 units delivered in August.
In the first seven months of the year, Nio Inc delivered 135,167 vehicles. However, this represents a 38.16 percent decrease year-on-year for the Nio main brand. Onvo, on the other hand, has contributed to a 34.75 percent year-over-year delivery growth for the Onvo sub-brand in 2025, highlighting its importance to Nio’s volumes and profitability aspirations.
Nio Inc delivered 21,017 vehicles in July, making it the fourth consecutive month that the company exceeded the 20,000-unit mark. The L90's launch has contributed to this strong performance, with the busy scenes at Onvo stores suggesting that the L90 could significantly boost Nio Inc's August delivery volume.
It is worth noting that Onvo delivered 5,976 vehicles in July, a decrease of 6.63 percent from June. However, the year-on-year increase for the first seven months of the year was 25.24 percent, and the year-on-year increase in July deliveries was 2.53 percent.
While Nio has not disclosed order numbers for the L90, it appears to have been well received. The company increased the number of vehicles available for test drives from 600 to 1,000, indicating a high level of interest in the new SUV.
In conclusion, the Onvo L90 is driving strong demand and production efforts, positioning Nio to exceed 10,000 L90 deliveries in August 2025, which should notably boost the company’s overall vehicle delivery figures for the month. The L90's aggressive pricing and value positioning are key to driving this demand and supporting Nio's goal of achieving its first quarterly profit in Q4 2025.
- The L90, priced competitively at RMB 265,800, includes an 85-kWh battery pack and is produced by Nio's sub-brand, Onvo.
- Onvo's flagship SUV, the L90, is anticipated to significantly boost Nio's August delivery volume, with a target of over 10,000 units delivered.
- The launch of the L90 has led to a surge in demand, with wait times for delivery stretching up to 8-10 weeks.
- The L90's strong sales momentum is expected to propel Nio Inc towards achieving its first quarterly profit in Q4 2025, as the vehicle serves as a potential game-changer for the company's sales momentum.
- Nio Inc, benefiting from the L90's success, delivered 21,017 vehicles in July, marking the fourth consecutive month that the company exceeded the 20,000-unit mark.
- The L90, a key player in the electric vehicle landscape, has shown promising signs of success, evidenced by the increased number of test drives offered from 600 to 1,000.
