Overview

• Deliveries of the Onvo L90 kicked off August 1 in 44 Chinese cities, with Nio CEO William Li and Onvo chief Shen Fei personally handing over the first six-seat SUVs in Hangzhou and Hefei.
• All available six-seat configurations were locked in within three hours of the online configurator opening, and new orders now face four- to six-week wait times while the seven-seat version is slated for late-September delivery.
• Nio’s US-listed shares jumped more than 9% following the launch, driven by the L90’s competitive pricing undercutting Li Auto’s i8 and the Tesla Model Y.
• Morgan Stanley projects 30,000–35,000 pre-orders while Citi and Macquarie forecast monthly sales of 8,000–12,000 L90 units, reflecting robust market demand.
• William Li said strong early uptake of the three-row SUV will play a key role in helping Nio achieve profitability in the fourth quarter of 2025.