NIO’s ONVO sub-brand eyes monthly deliveries of over 20,000 units by Mar. 2025

Shanghai (Gasgoo)- On November 15, at the Auto Guangzhou 2024, Mr. Ai Tiecheng, President of NIO's sub-brand ONVO, announced ambitious delivery targets for the ONVO L60, the first mass-produced model under the brand.

Mr. Ai revealed that the ONVO L60 has garnered significantly higher orders than other models launched in the same period, with production already scheduled through the first quarter of next year. As of November 14, the model had recorded cumulative deliveries of over 7,000 units, with a goal of surpassing 10,000-unit deliveries in December and reaching 20,000 units of monthly deliveries by March 2025.

The ONVO L60 officially hit the market on September 19, positioned as a family-oriented smart all-electric SUV. It offers two versions based on battery capacity: a standard 60 kWh version priced at 206,900 yuan, and a long-range 85 kWh version priced at 235,900 yuan. For buyers opting for the BaaS (Battery-as-a-Service) plan, the ONVO L60's starting price drops to just 149,900 yuan, with monthly battery rental fees starting from 599 yuan. The nationwide delivery began on September 28.

In October this year, NIO delivered 20,976 new vehicles, marking the sixth consecutive month of surpassing 20,000-unit deliveries. Of those, 4,319 units were contributed by ONVO. For the first ten months, NIO's cumulative deliveries reached 170,257 units, a year-on-year increase of 35.05%. With the ramp-up of the ONVO L60, NIO's overall delivery numbers are expected to see a significant boost next year.