NIO Onvo L60 EV deliveries surge to over 20,000 in simply 100 days

NIO’s (NYSE: NIO) new electrical SUV already seems to be like successful. In simply 100 days since launching, NIO Onvo L60 deliveries reached over 20,000 because the EV maker faucets into the mass market.

NIO Onvo L60 deliveries surge in market debut

It’s been nearly three months since NIO launched its extra reasonably priced Onvo sub-brand in September. The primary mannequin to put on the Onvo badge, the L60 electrical SUV, is already making a big influence.

In a social media publish on Friday, NIO Onvo introduced it took simply 100 days for L60 deliveries to succeed in 20,000 cumulatively. In its first full gross sales month, over 4,300 L60 fashions have been bought, or roughly one-fifth of NIO’s whole gross sales in October.

With a beginning worth of round $21,000 (149,900 yuan), NIO’s new electrical SUV undercuts many rivals, together with Tesla’s top-selling Mannequin Y, which begins at round $35,000 (249,900 yuan) in China.

The $21K price ticket is for the battery rental mannequin, which incorporates an extra $85 (599 yuan) or $125 (899 yuan) per 30 days, relying on the dimensions. Nevertheless, even with the battery, you may nonetheless purchase the L60 for cheaper at round $29,000 (206,900 yuan).

With 832 L60 deliveries in September, 4,319 in October, and one other 5,082 final month, NIO delivered 10,233 by November. Meaning at the least 9,767 L60 fashions have been delivered in December.

NIO seems to be on observe to hit its objective of delivering over 10,000 models this month. The corporate stated L60 manufacturing is predicted to double from 10,000 models in December to twenty,000 by March 2025.

This week, the L60 additionally accomplished its first long-range chilly climate check. In energy-saving mode, the electrical SUV drove for 7 hours and 9 minutes throughout highways and roads in China. Through the check, the L60 achieved a mean vitality consumption of simply 21.0 kWh/100 km in “excessive chilly situations.”

NIO’s Onvo electrical SUV is 4,828 mm lengthy, 1,930 mm broad, and 1,616 mm tall, or about the identical dimension because the Tesla Mannequin Y at 4,750 mm lengthy x 1,921 mm broad x 1,624 mm tall.

Earlier this month, we realized NIO will launch the L60 in its first European market in early 2025. Eric Yu, Onvo’s VP of merchandise, instructed Automotive Information Europe that the L60 will first debut within the UK.

Not like the EU, the UK just isn’t imposing extra tariffs on Chinese language EV imports. Within the EU, NIO, together with Onvo, faces a 31% import tariff.

NIO president Qin Lihong stated in an interview with Chinese language media CGTN (through CnEVPost) that the EV maker goals to “increase to as much as 25 totally different nations and areas” by the tip of 2025. Onvo will start exporting L60 fashions as soon as manufacturing hits 30,000 per 30 days, which is predicted early subsequent yr.