4.6 C
New York
Wednesday, November 27, 2024

NIO’s new low-cost SUV pushes gross sales over 20,000 once more in Oct


With its new electrical SUV rolling out, NIO’s (NIO) gross sales topped the 20,000 mark once more in Oct, its sixth straight month hitting the milestone.

NIO bought 20,976 automobiles final month, up 30.5% from October 2023. The NIO model bought 16,657 automobiles, whereas its new “family-oriented sensible car model,” Onvo, contributed 4,319 in its first full gross sales month.

After launching its new mid-size Onvo L60 electrical SUV in September, NIO stated manufacturing and deliveries are steadily ramping up.

On the finish of October, NIO’s Onvo had 166 Facilities and Areas all through 60 cities. Onvo plans to proceed increasing its community to drive future development.

NIO’s new electrical SUV begins at round $21,200 (149,900) and is a direct rival to Tesla’s Mannequin Y. The bottom $21K mannequin is in the event you hire the battery. Even with the battery included, Onvo L60 costs nonetheless begin at underneath $30,000 (206,900 yuan), with a CLTC vary of as much as 341 miles (555 km). That’s nonetheless lower than the Mannequin Y.

Tesla’s Mannequin Y RWD begins at round $35,000 (249,900 yuan) with 344 mi (554 km) CLTC vary in China.

NIO's-Oct-sales
Onvo L60 electrical SUV fashions (Supply: NIO Onvo)

NIO’s new Onvo model drives greater Oct gross sales

NIO has usually in contrast its new electrical SUV to the Mannequin Y, claiming it’s superior in some ways. The L60 has higher consumption at 12.1 kWh/100km in comparison with the Mannequin Y at 12.5 kWh/100km).

With an extended wheelbase (2,950 mm vs 2,890 mm), NIO’s electrical SUV additionally supplies barely extra inside house.

NIO's-Oct-sales
NIO Onvo L60 electrical SUV (Supply: Onvo)

Regardless of the L60’s success thus far, NIO believes its second Onvo mannequin might be a fair greater hit. It could possibly be a possible game-changer.

“When you assume the L60 is nice, then this new mannequin is a way more aggressive product,” NIO’s CEO William Li instructed CnEVPost after launching the L60. Onvo will launch a brand new EV yearly. Following the L60, Onvo will launch a brand new mid-to-large-size electrical SUV subsequent 12 months.

NIO’s chief claims the brand new mannequin might be revolutionary. In line with Li, it is going to supply much more surprises than the L60. Deliveries are deliberate to start in Q3 2025.

NIO Onvo L60 vs Tesla Mannequin Y trims Vary
(CLTC)
Beginning Value
NIO Onvo L60 (Battery rental) 555 km (341 mi)
730 km (454 mi)
149,900 yuan ($21,200)
NIO Onvo L60 (60 kWh) 555 km (341 mi) 206,900 yuan ($29,300)
NIO Onvo L60 (85 kWh) 730 km (454 mi) 235,900 yuan ($33,400)
NIO Onvo L60 (150 kWh) +1,000 km (+621 mi) TBD
Tesla Mannequin Y RWD 554 km (344 mi) 249,900 yuan ($34,600)
Tesla Mannequin Y AWD Lengthy Vary 688 km (427 mi) 290,900 yuan ($40,300)
Tesla Mannequin Y AWD Efficiency 615 km (382 mi) 354,900 yuan ($49,100)
NIO Onvo L60 in comparison with Tesla Mannequin Y costs and vary in China

Native studies recommend a six-or seven-seat electrical SUV might hit the market even sooner. With rumors of a launch round Q1 2025, deliveries might occur as quickly as Might 2025.

In line with sources near the matter, the L60 is only a “stepping stone” with much more thrilling EVs on the way in which. The supply claimed the brand new six-seat possibility will begin at round $42,100 (300,000 yuan).

FTC: We use revenue incomes auto affiliate hyperlinks. Extra.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles