Nio’s July deliveries rise 2.5% amid launch of smart large-space SUV

Chinese electric vehicle maker Nio announced on Friday (Aug 1) after trading hours that it had delivered 21,017 vehicles in July, up around 2.5 per cent from 20,498 vehicles in the same month a year prior.

This, however, is a month on month decline of nearly 15.7 per cent from 24,925 vehicle deliveries in June 2025.

The group recorded 135,167 vehicle deliveries year to date in 2025, an increase of 25.2 per cent year on year.

Of the company’s July deliveries, 12,675 vehicles were from Nio’s premium smart electric vehicle brand NIO; 5,976 vehicles from its family-oriented smart electric vehicle arm ONVO, and 2,366 vehicles from its small smart high-end electric car brand Firefly. The group’s cumulative deliveries reached 806,731 as at Jul 31, 2025.

This comes on the back of the launch of Nio’s smart large-space flagship SUV, the ONVO L90, on Jul 31, with user deliveries starting shortly after. It was built with the evolving needs of large three-row SUV users in mind.

The car is designed to be family-centric and offers two seat layouts: a six-seater and seven-seater, with prices starting at 265,800 yuan (S$47,525), or 179,800 yuan with a battery subscription option.

Earlier in June 2025, Nio had reported a net loss of US$949.6 million for the first quarter of 2025 ended March, a 30.2 per cent deterioration from the same period a year before. This is despite the EV maker registering a higher total revenue for Q1, of around US$1.7 billion, an increase of 21.5 per cent from the same year-ago period, and a fall of 38.9 per cent from the previous quarter.

Shares of Nio closed Friday 5.5 per cent or US$0.25 higher at US$4.79 before the news.