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Onvo President Bets on L60 Deliveries Topping 10K Units in Dec, Aiming for 20K+ Units by Mar 2025
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Ai Tiecheng, president of Onvo, a new brand under NIO-SW (09866.HK) (NIO.US), announced at the Guangzhou Auto Show the company's plan to achieve a monthly delivery target of over 10,000 units for its first family smart electric mid-size SUV, the Onvo L60, in December. He even wagered an L60 for those skeptical about Onvo's delivery performance.

As the order volume for the Onvo L60 has far exceeded expectations, the company is going all out in production and delivery. Production orders are currently scheduled through the 1Q25.

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As of November 14, the total delivery volume of the Onvo L60 has surpassed 7,000 units. Ai has even set a new goal, stating that the monthly delivery volume will surpass 20,000 units by March 2025.
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