Onvo’s collaboration with Didi is characterised as an experimental initiative relatively than a proper partnership on the company stage. Not too long ago, a video surfaced showcasing Onvo supplying automobiles for Didi’s ride-hailing providers.
Nio (NYSE: NIO) supplied clarification relating to Onvo’s relationship with Didi after the video triggered appreciable dialogue. A spokesperson for Nio indicated that this was a pilot take a look at organized by a regional staff using a number of automobiles meant for high-end ride-hailing.
The video posted on Weibo generated debate, with some critics suggesting that the transfer would possibly negatively have an effect on Onvo’s model repute. Native media outlet Yicai later quoted Nio’s response, explaining that the state of affairs resulted from a misunderstanding. The staff chief had prior expertise with Didi and tried to combine a small variety of Onvo L60 automobiles into Didi’s premium fleet.
Onvo launched its first mannequin, the L60, on September 19, 2024, with deliveries commencing on September 28. The L60 goals for the mass market however is positioned within the mid-to-high-end worth vary, beginning at RMB 206,900 ($28,800).
Trying forward, Onvo plans to launch the L90 flagship SUV within the third quarter and the L80 giant five-seat SUV within the fourth quarter, as disclosed by William Li, Nio’s founder, chairman, and CEO, throughout a latest earnings name. He talked about that the purpose for the three Onvo fashions is to attain month-to-month gross sales of 25,000 items by the fourth quarter.
In Might, Nio delivered a complete of 23,231 automobiles, reflecting a 13.08 p.c improve in comparison with the identical month final yr, though this determine confirmed a slight decline of two.80 p.c in comparison with April. The Nio important model particularly delivered 13,270 automobiles in Might, marking a 35.41 p.c drop year-on-year and a 31.13 p.c decline month-on-month. In the meantime, Onvo noticed deliveries rise to six,281 automobiles in Might, up 42.75 p.c from April.
Moreover, Firefly, one other Nio sub-brand, recorded 3,680 car deliveries in Might, signaling its first full month in operation.
($1 = RMB 7.1832)
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