Aug 1 – Nio (NYSE:NIO) reported July deliveries of 21,017 vehicles, edging up 2.5% year over year. The total marked the fourth straight month above 20,000 units but fell 15.7% from June’s 24,925 vehicles as the company prepared for its latest model rollout.
By brand, the core Nio lineup contributed 12,675 units in July, down 38% from last year. Sub?brand Onvo delivered 5,976 vehicles, while Firefly added 2,366. The first seven months of 2025 saw 135,167 deliveries, up 25% from the prior year, signaling steady growth across the company’s multi?brand strategy.
The company is now pinning near?term momentum on the new Onvo L90 SUV, which officially launched with a starting price of RMB 265,800 ($36,850) and began deliveries in 44 Chinese cities. Onvo increased available test drive vehicles to 1,000 to capture rising interest, and early social media reports point to strong showroom traffic.
Management expects the L90 rollout to lift August volumes, potentially reversing July’s sequential decline. Investors will watch whether Nio’s new models can sustain year?to?date growth against intensifying competition in China’s electric vehicle market.
Based on the one year price targets offered by 24 analysts, the average target price for NIO Inc is $4.97 with a high estimate of $8.99 and a low estimate of $3.00. The average target implies a upside of +1.97% from the current price of $4.87.
This article first appeared on GuruFocus.