The group also hit a quarterly record of 61,855 vehicle deliveries in the third quarter of 2024, up by 11.6% y-o-y. Cumulative deliveries stood at 598,875 as at Sept 30.
On Sept 19, the group launched ONVO’s first model, the L60, a mid-size family smart electric SUV.
According to the group, the L60 offers a spacious design with enhanced safety features and advanced technologies. Deliveries of the L60 commenced in late September.
The group adds: “The L60 leverages NIO’s accumulation in smart and electric technologies, smart manufacturing, power network and supply chains.”
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Shares in NIO Inc. closed 2.9 US cents lower, or down 3.97%, at USD$7.01 on Oct 1.