Nio Group delivered 13,192 automobiles in February, up 62.2% yr over yr. The deliveries consisted of 9,143 Nio model and 4,049 Onvo L60 automobiles. The corporate additionally introduced that between January 22 and February 5, 1.7 million battery swaps have been accomplished, with the busiest station serving 180 swaps per day.
Nio Group gross sales have been up 62.2% year-over-year and down 4.8% from January. Onvo gross sales have been down 31.5% from 5,912 models in January. Nio model gross sales have been up 15% from January.
Nevertheless, a year-over-year comparability with February 2024 doesn’t make a lot sense, because it doesn’t inform the complete story.
It’s as a result of the Chinese language New 12 months vacation follows the lunar calendar, which means its date modifications annually. It sometimes falls between late January and mid-February, relying on the timing of the brand new moon. This closely impacts January or February gross sales in China, relying on which month CNY falls.
Thus, the correct method to evaluate year-over-year gross sales is to sum January and February and evaluate it with the identical mixed two months the yr earlier than.
In January and February 2025, Nio Group offered 27,055 automobiles, up 49% from 18,187 models in Jan+Feb 2024.
Firm offered 17,094 Nio branded automobiles in Jan+Feb 2025, down 6% from 18,187 in Jan+Feb 2024.
As of February 28, Nio Group’s cumulative deliveries have been 698,619, together with 30,722 models of Onvo L60. The group delivered a complete of 27,055 automobiles this yr to date. Nio Group has a gross sales goal of about 440,000 automobiles in 2024, of which half ought to be contributed by Onvo.
Nio doesn’t present breakdowns for specific fashions, however in line with January insurance coverage registration monitored by China EV DataTracker, the ES6 SUV was liable for 33% of Nio model gross sales, ET5 Touring for 25%, NIo EC6 SUV-coupe for 16%, and ET5, the sedan model of ET5 Touring, for 11%.
The flagship SUV ES8 contributed solely about 5% in gross sales, and the flagship sedan ET7 solely 3%. Nio ES7 and EC7 had about 5% collectively.
Onvo sells just one mannequin, a Mannequin Y rival, L60. The mid-size SUV was launched in September 2024, beginning at 206,900 yuan (28,400 USD). Like all Nio Group vehicles, it helps battery swap and comes with two variants: a 60 kWh LFP pack from BYD, good for a 555 km vary or an 85 kWh ternary NMC pack from CABL, good for a 730 km vary.
A 5-seater SUV’s dimensions are 4828/1930/1616 mm (size/width/top) and a couple of,950 mm wheelbase. The 1,885 kg SUV is powered by a single electrical motor with a most output of 240 kW (322 hp). The twin motor AWD model can also be obtainable with an output of 340 kW (456 hp), due to the extra 100 kW motor.
Nio model greatest vendor is ES6 (EL6 in Europe). It begins at 338,000 yuan (46,500 USD), 63% greater than the Onvo L60. For this worth, it presents a 75 kWh battery pack from CATL, good for a 500 km vary.
The size are 4854/1995/1703 mm and wheelbase 2,915 mm. It’s AWD, powered by twin motors with a mixed energy of 360 kW (483 hp). The rear motor is 210 kW, and the entrance is 150 kW.
Each costs are with bought battery, not with BaaS subscription.
