Hong Kong Auto Stocks Surge, NIO Shares Jump Nearly 15%
NIO’s stock has jumped 49% in two months after the ONVO L90 launch, far outpacing the S&P 500’s 7%, with the all-new ES8 expected to fuel further gains.
Latest in EV news, technologies, data and insights from China market
NIO’s stock has jumped 49% in two months after the ONVO L90 launch, far outpacing the S&P 500’s 7%, with the all-new ES8 expected to fuel further gains.
In Week 33, BYD maintained dominance with 65,200 sales, followed by Tesla at 14,000 and NIO at 7,200. Leapmotor led new automakers, while Li Auto struggled. Competition intensifies.
According to Tesla China’s official website, customers in China who order the Model Y L are expected to receive delivery in September.
NIO Inc. will initially launch representative models from its three brands—NIO, Ledor, and Firefly—in these three markets.
The ONVO L90, launched two weeks ago, is currently tackling the dual challenges of ramping up deliveries while ensuring an optimal energy replenishment experience for users.
Compiled list of the ten most anticipated Chinese new energy vehicles for the second half of the year – Xiaomi YU7, Li Auto L8, ONVO L90, NIO Firefly, AITO M8, Denza N9, Shangjie H5, New Voyah Dreamer, Geely Galaxy M9, and BYD Yangwang U8L Limited Edition. They may launch within the year or at least have their price information revealed.
Currently, the ONVO L90’s battery supply structure is as follows: the 60kWh version is jointly supplied by BYD and CATL, while the 85kWh version is mainly supplied by CALB.
ONVO will provide L90 customers who cannot take delivery within four weeks (28 days) after vehicle lock-in with a daily subsidy of 500 points.
ONVO’s in-car Coconut system gets a major version upgrade, though the highly anticipated end-to-end assisted driving feature is still absent.
ONVO L90’s first batch of delivery-ready vehicles exceeds 20,000 units, with the factory running at full capacity to accelerate production and deliveries.