First annual monthly decline since February 2024
Chinese electric vehicle maker Nio delivered 34,246 vehicles in October. The company’s monthly disclosure showed deliveries below both the year-earlier level and September’s total.[1], [2]
Analysis
Nio’s Onvo decline outweighs growth at its other brands
Nio’s October deliveries fell 15.23 per cent from a year earlier to 34,246 vehicles, its first annual monthly decline since February 2024. Onvo’s contraction outweighed growth at Nio and Firefly. Despite the weaker month, deliveries over the first ten months had already exceeded the company’s total for all of 2025.
Onvo contracts as Firefly sets another record
Deliveries fell 15.23 per cent year-on-year and 8.45 per cent from September, reaching their lowest monthly level since April. It was Nio’s first annual monthly decline since February 2024. Its main Nio brand delivered 18,125 vehicles, up 5.73 per cent from a year earlier but down 14.98 per cent from September. Family-oriented brand Onvo delivered 8,383 vehicles, down 51.66 per cent annually and 4.34 per cent monthly. Onvo’s annual decline outweighed growth at the other brands.[1]
Ten months exceed the previous full year
Firefly, Nio’s small electric vehicle brand, delivered a record 7,738 vehicles, rising 30.89 per cent year-on-year and 5.61 per cent month-on-month. It was the only brand to grow from September and set a record for a second month. January–October company deliveries rose 38.46 per cent to 334,547, exceeding all of 2025’s 326,028 vehicles. Growth over ten months slowed from 49.24 per cent over the first nine months. Onvo’s ten-month deliveries fell 9.54 per cent to 78,574.[1]