Nio

Onvo delivered about 19,720 units in October, with exact figures expected later today.

Deliveries of the all-new ES8 will accelerate further in November, with production capacity set to increase by 70 percent compared to October, a Nio executive said.

Nio launched the third-generation ES8 on September 20 with a starting price of RMB 406,800 ($57,200), commencing deliveries the following day.

This included over 4,300 units for the Nio main brand, 4,500 units for its sub-brand Onvo, and over 1,500 units for another sub-brand Firefly.

The milestone comes 100 days after the 80 millionth battery swap service. Nio now provides over 100,000 services daily.

Onvo has seen a significant increase in production capacity this month, the brand's president said.

Nio CEO William Li revealed the plan during an offline Q&A session, marking the first time Nio management has mentioned such a specific timeline.

Onvo L90 has delivered 8,428 units so far this month, with monthly shipments poised to exceed 10,000 units for the third consecutive month.

This implies the ES6 is on track for average monthly deliveries of about 5,000 units in October and November, up from 2,930 units in September.

The Nio main brand delivered over 4,000 units last week, Onvo over 5,000 units, and Firefly over 1,500 units.