Nio reported a modest 2.5% year-on-year increase in vehicle deliveries for July, ahead of an anticipated boost in August from its newly launched Onvo L90 SUV.
The Chinese electric vehicle manufacturer delivered 21,017 vehicles last month, maintaining its run of over 20,000 monthly units for the fourth consecutive time. However, the figure marked a 15.7% decrease from the 24,925 vehicles delivered in June.
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Nio’s core brand delivered 12,675 units in July, reflecting a 38.2% year-on-year drop and a 13.1% decline from June. Onvo, Nio’s sub-brand, contributed 5,976 units to the total, down 6.6% from the prior month. Firefly, another sub-brand which began deliveries in April, added 2,366 units — a sharp 39.8% decline month-on-month.
In the first seven months of 2025, Nio’s total deliveries reached 135,167 units, up 25.2% from the same period in 2024. Deliveries from the main Nio brand, however, declined 19.3% to 87,120 units. Onvo recorded 37,838 deliveries between January and July, while Firefly’s cumulative deliveries stood at 10,209 vehicles.
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Onvo’s latest launch, the L90 SUV, officially went on sale this week at a starting price of RMB 265,800 ($36,850), which includes an 85-kWh battery. The final price was RMB 14,100 lower than the initial pre-sale estimate. First deliveries of the L90 have begun in 44 Chinese cities, and Onvo said it has raised the number of test-drive vehicles to 1,000 to meet customer demand.
While Nio did not disclose order figures for the L90, store activity and social media buzz suggest the new model may significantly contribute to August deliveries, potentially reversing recent declines across its sub-brands.