Deutsche Bank raised its sales forecast for Nio Inc in 2025, using the same 450,000 full-year 2025 sales assumption as the company's guidance.
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Category: Nio Onvo
Chinese customers who currently buy the Onvo L60 are expected to get deliveries 10-14 weeks after locking in their orders, down from 12-16 weeks previously.
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The new mid-to-large-size SUV will be a key weapon in Onvo's drive to boost deliveries next year, a local media report said.
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Nio's sub-brand Onvo has promised that customers ordering L60s now will get deliveries within this year, saying that bottlenecks previously limiting capacity ramp-up are being quickly resolved.
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The Onvo L60 is currently only available with a 60-kWh battery pack, and deliveries of long-range vehicles with an 85-kWh pack are expected to begin in December.
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Onvo L60 production capacity is expected to reach 10,000 units in December, at least 16,000 units in January and 20,000 units by March, William Li said.
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That's because all upcoming Nio-branded products will come from NT 3.0 technology, which not only offers superior performance but also outstanding cost savings, Deutsche Bank said.
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Nio's sub-brand Onvo has officially launched its first model, the L60, which is priced much lower than the Tesla Model Y, but brings more interior space and better features.
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Onvo currently has 180 store managers in China, 40 percent of whom are from Tesla and 27 percent from Li Auto, an executive said.
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The L60 launch event will begin at 7:30 pm Beijing tme (7:30 am US Eastern time) on September 19 and will be streamed live online on Onvo's social media channels.
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