Nio Onvo intends to distribute more than 10,000 L90 models in August, according to a recent report
The Onvo L90, the flagship SUV model from Onvo, has made a promising start since its launch on July 31 and the commencement of deliveries on August 1. According to Nio Inc, the parent company of Onvo, orders for the L90 have surpassed expectations, setting the stage for potential record-breaking sales.
The L90, under the Onvo brand, is poised to become one of the highest-delivered models in Nio Inc's history in its first month of deliveries. If the L90 achieves its target, it could even become Nio Inc's highest-selling model in a single month. However, as of mid-August, the exact number of deliveries has not been disclosed.
Shen Fei, president of Onvo, has set a target for the L90 to deliver over 10,000 units in August. The competitive price of the L90, with a starting price of RMB 265,800 ($36,860) including the battery pack, is considered key to its strong initial acceptance.
In the first week of deliveries, the L90 ranked third among the best-selling large SUVs in China. Within the first 72 hours, the electric SUV delivered 1,976 units, indicating a robust start.
Despite the high demand, production constraints have led to an extended wait time for receiving an L90, with deliveries now scheduled for 8-10 weeks. The Hefei factory, where the L90 is manufactured, is running at full capacity and overtime to meet the demand.
Shen Fei, the head of Onvo sales, has shared updates on Weibo, showcasing Nio's factory working around the clock to ship L90 vehicles. As updates indicate, Onvo is actively working to exceed its delivery goal of 10,000 L90 units in August.
Here's a summary of the deliveries so far:
- First 10 days post-launch: Over 4,000 units delivered
- First week: 1,976 units delivered
- Mid-August update: Goal of over 10,000 deliveries remains in place, but exact numbers have not been disclosed
The production and delivery ramp-up is ongoing, with strong demand pushing wait times up. Onvo is intensifying efforts to hit the ambitious 10,000-unit milestone by the end of August.
The success of the Onvo L90 is a testament to Nio Inc's growing influence in the electric vehicle market. With the L90's promising start, it will be interesting to see if it can indeed become Nio Inc's highest-selling model in a single month.
- The Onvo L90, a model from Onvo under Nio Inc, has surpassed expectations with orders exceeding initial projections, setting a potential record for the highest sales in the company's history.
- The high demand for the L90 has led to an extended wait time, with deliveries now scheduled for 8-10 weeks, as the Hefei factory runs at full capacity and overtime.
- Shen Fei, president of Onvo, has set a target of delivering over 10,000 L90 units in August, a goal that the company is reportedly working diligently to exceed.
- The competitive pricing of the L90, with a starting price of RMB 265,800 ($36,860) including the battery pack, is considered a key factor in its strong initial acceptance.
- In its first week of deliveries, the L90 ranked third among the best-selling large SUVs in China, with 1,976 units delivered within the first 72 hours, indicating a robust start.
- Shen Fei, head of Onvo sales, has been providing updates on Weibo, showcasing the efforts being made by Nio's factory to ship L90 vehicles efficiently.
- The success of the Onvo L90 signifies the growing influence of Nio Inc in the electric vehicle market, with its potential to become the company's highest-selling model in a single month adding excitement to the electric vehicle and automotive technology industry, as well as the finance and transportation sectors.
