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Onvo

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Nio Delivers Strong Results, but Onvo Falters and Stock Falls

Nio delivered 35,836 vehicles in August, a significant increase year over year but slightly fewer than in July. While the core Nio brand is growing strongly, secondary brand Onvo continues to lose ground—and that is likely weighing more heavily on investors right now than the overall figure.

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Onvo L60 passes 110,000 deliveries—what’s behind it

NIO’s Onvo brand reports 110,000 L60 SUVs delivered, just under 23 months after the first deliveries began. Sales picked up again in August after remaining well below the previous year’s level so far in 2026. At the same time, the June update, featuring a 900-volt platform, battery swapping and new driver-assistance options, is intended to keep the L60 competitive in the Model Y segment.