The EV pioneer of China launched ONVO L90 on July 31, 2025, which is expected to boost the company's deliveries in the third quarter. It delivered more than 4,000 units of L90 within 10 days of its launch. Currently, NIO's ONVO manufacturing facility in Hefei, Anhui province, is running at full capacity to boost output and speed up deliveries. ONVO aims to deliver more than 10,000 L90 units in August. If NIO reaches this goal, the L90 will record the highest monthly sales of any NIO model to date. Besides, ...

Core Insights - NIO Inc. has launched upgraded versions of four key models and expects a year-over-year increase in deliveries for June and the second quarter [1][8] Delivery Expectations - NIO anticipates June deliveries between 25,000 and 28,000 units, up from 21,209 units in June of the previous year [2] - For the second quarter, NIO expects to deliver between 72,000 and 75,000 vehicles, indicating a year-over-year growth of 25.5% to 30.7% [2][8] Recent Performance - In Q1 2025, NIO delivered 42,094 smart EVs, a 40.1% year-over-year increase, including 27,313 units under the NIO brand and 14,781 from ONVO [3] - The company has seen delivery momentum driven by the rollout of new models and strong demand for ONVO L60 and FIREFLY [3][8] Competitor Analysis - Li Auto expects Q2 2025 deliveries between 123,000 and 128,000 units, reflecting a year-over-year growth of 13.3% to 17.9% [4] - XPeng anticipates Q2 deliveries of 102,000 to 108,000 vehicles, indicating a year-over-year growth of approximately 237.7% to 257.5% [5] Valuation and Performance - NIO has underperformed compared to the Zacks Automotive-Domestic industry, with shares down 30.1% year-to-date, while the industry has grown by 4.1% [6] - NIO's forward price/sales ratio is 0.81, which is higher than the industry's 0.50, suggesting the company may be overvalued [10] EPS Estimates - The Zacks Consensus Estimate for 2025 EPS has increased by 5 cents, while the estimate for 2026 has declined by 1 cent in the past week [11]