NIO Inc. notched up a record-breaking month in December 2024, delivering 31,138 vehicles and surpassing the 30,000-unit mark for the first time. This represents a 72.9% increase year-over-year.
The deliveries included 20,610 vehicles from NIO’s premium smart electric vehicle (EV) lineup and 10,528 vehicles from its family-oriented sub-brand, ONVO. For the entirety of 2024, NIO Inc. delivered 221,970 vehicles, marking a 38.7% growth compared to 2023. Of these, the NIO brand contributed 201,209 units, a 25.7% year-over-year increase, while ONVO accounted for 20,761 units. The company’s cumulative deliveries have now reached 671,564 as of December 31, 2024.
The ONVO L60, the flagship model of NIO’s sub-brand, has quickly gained traction in the market. In just its third month of sales since its launch on September 28, 2024, the L60 surpassed 10,000 monthly deliveries. Within 100 days, cumulative deliveries of the L60 have exceeded 20,000 units, setting an industry benchmark for delivery speed.
ONVO’s rapid expansion also reflects its growing popularity. Since September, the brand has established 300 ONVO stores across 82 cities, supported by 317 authorised service centers spanning 172 cities in China. Additionally, over 1,000 NIO Power Swap Stations are now compatible with the ONVO L60, with plans for further expansion underway.
NIO Inc. enters 2025 with momentum, underpinned by over 53 billion RMB in research and development investments. The company plans to accelerate the construction of its charging and battery swap infrastructure, ensuring an enhanced user experience for its growing customer base.
