Nio

Onvo delivered 16,434 units in August, becoming Nio Inc's highest-selling model in a single month with a 175.00 percent increase from July.

Both the Onvo L90 and the new Nio ES8 are high-priced products with solid gross margins, Li said.

The 10,000th L90 was delivered at the Chengdu auto show, 29 days after the SUV began deliveries on August 1.

This is expected to enhance the appeal of Nio models and reduce complaints about their relatively low range.

Nio will provide limited-time free battery swap services for Nio and Onvo owners on the G318 road to Mount Everest, demonstrating that its EVs can go anywhere.

The Onvo L90 seven-seater show cars will be open to visitors starting at 10:00 am Beijing time on August 29.

The special edition Firefly EV starts at RMB 133,800 ($18,680) including the battery pack, 11.69 percent higher than the base variant.

Nio Inc's new order flow is estimated to be around 57,000 units in August, primarily driven by strong demand for the Onvo L90 SUV.

Onvo's registrations last week totaled 4,104 units, marking the second-highest on record, up 8.28 percent from the previous week's 3,790 units.