While we Europeans continue to wait, 2 years after its launch, ONVO has reached 200,000 units sold.
10/10/2026 15:00
Updated to
10/10/2026 15:00
ONVO, NIO’s affordable and approachable brand, has delivered its 200,000th vehicle. The model that marked this significant milestone is the Onvo L90, its largest car to date. The brand was officially launched on May 15, 2024, and began delivering its first model, the L60, in September of that year. It took a total of two years to reach this figure. While it wasn’t the company that reached 200,000 deliveries fastest, it still illustrates the pace of adoption among new brands in China.
The news comes as the brand hits record delivery numbers, backed by one of its key strengths: it shares NIO’s charging and battery swapping network. This is the most notable advantage over other electric vehicles in its price range. However, Europe is posing a challenge for them. Due to weak sales, the company has officially decided to delay the launch of Onvo until 2028.
Three models, three approaches
The Onvo L60 is the oldest and best-selling model. It is a 100% electric SUV designed to compete directly with the Tesla Model Y. As of August 28th, it had reached 110,000 deliveries in less than two years on the market. The L90 achieved a similar milestone on July 31st, marking its first year with a total of 60,000 deliveries. Finally, the Onvo L80, launched in May, began deliveries nationwide just a day after its introduction, exceeding 10,000 units in 46 days. Together, these three models cover the brand’s lineup of sedans and family SUVs with which it competes against Chinese electric rivals.
In September, ONVO delivered 8,763 vehicles, bringing the total for the first three quarters of the year to 70,191 units — a record for the company, which is approaching the trade war in China positively. For NIO as a whole, September deliveries reached 37,408, up 7.7% from the previous year and 4.3% higher than in August. NIO expects to meet its targets by the end of the year.
A network of 9,559 stations, including 4,167 swap stations
ONVO uses NIO’s charging and battery swapping network directly, for the construction of which the company has invested over 20 billion yuan, approximately 2.6 billion euros. As of October 8, 2026, NIO Power had 9,559 charging and battery swapping stations, of which 4,167 were swap stations. On October 5 last year, during China’s National Day holiday, NIO’s swap stations completed 183,664 battery swaps, setting a daily record. Of these, 30,782 were handled by ONVO, accounting for around 17%.
On September 28, NIO and Geely announced a strategic cooperation agreement on battery charging and swapping. They will collaborate in technology, operations, and capital, and jointly invest in companies that manage their respective charging and swapping businesses. More and more people are considering battery swapping systems as the optimal form of recharging, enabling 0% to 100% battery capacity in less time than it takes to fill up a fuel tank.
First steps outside China, with Europe following
ONVO has begun expanding overseas: this year it entered Uzbekistan and Costa Rica, but as we’ve mentioned, Europe is not on the immediate roadmap. NIO’s CEO, William Li, said in mid-September that the brand is expected to reach the continent in 2028 or 2029. It’s still too early to know which models will make it to our shores. By then, the company may have expanded its lineup further.