China EV Sales Race Heats Up in May as Leapmotor Sets Record, NIO Surges
China’s auto industry stabilized in May, with several brands achieving record deliveries amid competitive pressures.
Latest in EV news, technologies, data and insights from China market
China’s auto industry stabilized in May, with several brands achieving record deliveries amid competitive pressures.
ONVO’s updated L60 pre-sales start May 29, focusing on intelligent driving and smart upgrades.
NIO expects the L80 to become one of its key SUV growth drivers in Q2 as the company targets quarterly deliveries of 110,000–115,000 vehicles.
ONVO launched the L80 model, emphasizing practicality, technology, brand evolution, and competitive pricing.
NIO’s CEO announced the ONVO L60 launch in June, highlighting major tech and battery upgrades.
NIO Launched the ONVO L80 SUV, priced at RMB 245,800 ($35,950) in pre-sale, representing a RMB 34,100 ($5,000) reduction compared with the ONVO L90.
The large NEV SUV market in March showed a pronounced “top-heavy” structure. For example, total sales of the Top 10…
LandRoads’ Q1 2026 report reveals Tesla’s leading residual value of 82.7%, followed by ONVO benefiting from the BaaS model.
By pivoting to a LiDAR and Shenji silicon architecture, the 2026 ONVO L90 is using a 1,250-mile (2,000 km) autonomous challenge to reverse its passive stance in the smart driving race.
NIO’s 2026 ONVO L90 launches in April, featuring LiDAR, updated AI, but declining sales.