Nio Inc reached the milestone of producing its 800,000th vehicle, which is an L90 SUV from its sub-brand Onvo.
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Category: Onvo
Since the L90 began pre-sales on July 10, Nio shares have risen 43 percent in Hong Kong.
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Nio Inc, which includes the Nio, Onvo, and Firefly brands, saw insurance registrations of 4,900 units in China last week, up 19.51 percent from 4,100 in the previous week.
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Onvo will officially launch the L90 on July 31, which will come 2 days after Li Auto launches the Li i8 electric SUV.
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Li Auto may need to convince potential consumers why they should choose the Li i8 over the cheaper, larger L90 from Nio sub-brand Onvo.
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Nio Inc, including the Nio, Onvo, and Firefly brands, saw 4,100 insurance registrations in China last week, down 19.77 percent from 5,110 the previous week.
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As of press time, Nio surged more than 10 percent in Hong Kong, extending its winning streak to the sixth trading day.
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Onvo L90 will be officially launched at the end of this month, with deliveries starting on August 1. Li Auto will launch its first pure electric SUV on July 29.
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The Onvo L90 electric SUV from Nio started presales in China for 27,000 USD with the BaaS subscription applied. It has a 240-liter frunk.
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Nio Inc, including the Nio, Onvo, and Firefly brands, had 5,110 insurance registrations in China last week, down 18.89 percent from 6,300 units the previous week.
For details, please visit CnEVPost.