The joint venture is 51 percent owned by BYD's battery unit FinDreams, with local conglomerate Huaihai holding the remaining 49 percent.
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M Hero will soon export the M-917 off-road vehicle to the Middle East, which was previously launched in Switzerland.
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Onvo's first model, the Onvo L60, will take on the Tesla Model Y, targeting the market for smart, all-electric SUVs for families in the RMB 250,000 yuan ($34,600) class, Nio said.
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Nio's 500,000th production vehicle is an ES8, which began first deliveries in June 2018.
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Xpeng has entered into a partnership with Australia's TrueEV, which will be its sole importer, distributor and retailer in the country.
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