With its new electrical SUV rolling out, NIO’s (NIO) gross sales topped the 20,000 mark once more in Oct, its sixth straight month hitting the milestone.
NIO bought 20,976 automobiles final month, up 30.5% from October 2023. The NIO model bought 16,657 automobiles, whereas its new “family-oriented sensible car model,” Onvo, contributed 4,319 in its first full gross sales month.
After launching its new mid-size Onvo L60 electrical SUV in September, NIO stated manufacturing and deliveries are steadily ramping up.
On the finish of October, NIO’s Onvo had 166 Facilities and Areas all through 60 cities. Onvo plans to proceed increasing its community to drive future development.
NIO’s new electrical SUV begins at round $21,200 (149,900) and is a direct rival to Tesla’s Mannequin Y. The bottom $21K mannequin is when you lease the battery. Even with the battery included, Onvo L60 costs nonetheless begin at below $30,000 (206,900 yuan), with a CLTC vary of as much as 341 miles (555 km). That’s nonetheless lower than the Mannequin Y.
Tesla’s Mannequin Y RWD begins at round $35,000 (249,900 yuan) with 344 mi (554 km) CLTC vary in China.
NIO’s new Onvo model drives increased Oct gross sales
NIO has typically in contrast its new electrical SUV to the Mannequin Y, claiming it’s superior in some ways. The L60 has higher consumption at 12.1 kWh/100km in comparison with the Mannequin Y at 12.5 kWh/100km).
With an extended wheelbase (2,950 mm vs 2,890 mm), NIO’s electrical SUV additionally offers barely extra inside house.
Regardless of the L60’s success thus far, NIO believes its second Onvo mannequin will probably be an excellent greater hit. It could possibly be a possible game-changer.
“If you happen to assume the L60 is nice, then this new mannequin is a way more aggressive product,” NIO’s CEO William Li advised CnEVPost after launching the L60. Onvo will launch a brand new EV yearly. Following the L60, Onvo will launch a brand new mid-to-large-size electrical SUV subsequent yr.
NIO’s chief claims the brand new mannequin will probably be revolutionary. In response to Li, it’s going to provide much more surprises than the L60. Deliveries are deliberate to start in Q3 2025.
| NIO Onvo L60 vs Tesla Mannequin Y trims | Vary (CLTC) |
Beginning Value |
| NIO Onvo L60 (Battery rental) | 555 km (341 mi) 730 km (454 mi) |
149,900 yuan ($21,200) |
| NIO Onvo L60 (60 kWh) | 555 km (341 mi) | 206,900 yuan ($29,300) |
| NIO Onvo L60 (85 kWh) | 730 km (454 mi) | 235,900 yuan ($33,400) |
| NIO Onvo L60 (150 kWh) | +1,000 km (+621 mi) | TBD |
| Tesla Mannequin Y RWD | 554 km (344 mi) | 249,900 yuan ($34,600) |
| Tesla Mannequin Y AWD Lengthy Vary | 688 km (427 mi) | 290,900 yuan ($40,300) |
| Tesla Mannequin Y AWD Efficiency | 615 km (382 mi) | 354,900 yuan ($49,100) |
Native stories counsel a six-or seven-seat electrical SUV might hit the market even sooner. With rumors of a launch round Q1 2025, deliveries might occur as quickly as Could 2025.
In response to sources near the matter, the L60 is only a “stepping stone” with much more thrilling EVs on the way in which. The supply claimed the brand new six-seat choice will begin at round $42,100 (300,000 yuan).
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