Nio delivers 23,231 cars in May, up 13% year-on-year

• The Nio main brand delivered 13,270 cars in May, Onvo 6,281, and Firefly 3,680.
• From January to May, Nio Inc delivered 89,225 vehicles, a year-on-year increase of 34.75 percent.

Nio Inc (NYSE: NIO) saw a year-on-year increase in deliveries last month, primarily driven by its sub-brands Onvo and Firefly.

The Chinese electric vehicle (EV) maker delivered 23,231 vehicles in May, up 13.08 percent from 20,544 in the same month last year, but down 2.80 percent from 23,900 in April, according to data released today.

The Nio main brand delivered 13,270 vehicles in May, down 35.41 percent year-on-year and down 31.13 percent month-on-month.

Onvo delivered 6,281 vehicles in May, up 42.75 percent from April.

Firefly delivered 3,680 vehicles in May. This was the first full month of deliveries for the Nio sub-brand.

In the first five months of the year, Nio Inc delivered 89,225 vehicles, up 34.75 percent year-on-year.

The Nio main brand delivered 59,852 vehicles from January to May, a year-on-year decrease of 9.61 percent.

Onvo delivered 25,462 vehicles from January to May. Firefly has cumulatively delivered 3,911 vehicles since it began deliveries at the end of April.

As of the end of May, Nio Inc's cumulative deliveries totaled 760,789 vehicles, including 710,655 from the Nio main brand, 46,223 from Onvo, and 3,911 from Firefly.

The Nio brand completed updates of its main models in May, which may have had some negative impact on delivery volumes.

On May 16, it launched the updated ES6 SUV (sport utility vehicle) and EC6 coupe SUV, with prices remaining unchanged but featuring significant feature upgrades. Deliveries for these two models began on May 20.

On May 25, Nio launched the updated ET5 sedan and ET5T wagon, also with unchanged starting prices but with feature upgrades. Deliveries for these two models began on May 27.

These four models are Nio's best-selling, with a combined total of 180,038 units delivered in 2024, contributing 81.11 percent of Nio Inc's 221,970 units delivered last year and 89.48 percent of Nio brand's 201,209 units delivered.

Among these, the ES6 is the single most important model, with 75,433 units delivered in 2024, accounting for 33.98 percent of Nio Inc's total deliveries and 37.49 percent of the Nio brand's total deliveries.

Nio did not disclose the breakdown of sales for its different models today, and this information is expected to be available later this month in data released by the China Passenger Car Association (CPCA).

For reference, the ES6 delivered 6,866 units in April, contributing 28.73 percent of Nio Inc's monthly deliveries, continuing to be the Nio brand model with the highest delivery volume.

The Nio brand currently offers nine models: ET9, ES8, ES7, ES6, EC7, EC6, ET7, ET5, and ET5T.

It will launch a new flagship SUV, the ES9, in the first half of 2026, Qin Lihong, the company's co-founder and president, said on May 30.

The updated version of the current Nio brand flagship SUV, the ES8, would be launched between August and September, according to Qin.

Onvo currently only has the L60 for sale, which was launched on September 19, 2024, with deliveries beginning on September 28.

Onvo's second model, the L90 large SUV, is expected to be launched in the third quarter, while another SUV, the L80, is expected to be launched in the fourth quarter, according to information previously mentioned by Nio management.

Firefly's sole model was launched on April 19 and began deliveries on April 29.

On April 22, Qin said during a media roundtable that Firefly would select an appropriate time between June and August to launch its first model in Europe, with the right-hand drive version expected to be ready by October at the latest.