Hong Kong stock prices for Nio rise following strong demand for the Onvo L90 during pre-sales, instilling hope
Nio's Onvo L90 Expects Strong Sales in Q3 2025
Nio's latest electric SUV, the Onvo L90, is set to make a splash in the market, with estimates suggesting it could achieve around 8,000 to 9,000 units per month in Q3 2025.
The L90, which received over 30,000 pre-orders in just four days during its pre-sale launch in early July, is scheduled for launch and volume ramp-up in Q3 2025. With most deliveries expected to be L90 focused, the vehicle is poised to dominate sales in the third quarter.
According to available pre-order and delivery targets, the Onvo L90 is estimated to have approximately 25,000 total deliveries in 2025, with the majority happening in Q3. The Onvo L80, expected to launch in Q4, is not anticipated to significantly contribute to Q3 sales.
The L90's starting price, including a 60-kWh battery pack, is RMB 206,900. However, under Nio's BaaS (battery as a service) battery rental scheme, the pre-sales starting price is lower, at RMB 193,900. For those seeking a larger battery pack, the L90's starting price, including an 85-kWh battery pack, is RMB 279,900.
The success of the Onvo L90 has been a boon for Nio, with the company's stock surging more than 10 percent in Hong Kong. This marks the sixth consecutive trading day of gains for Nio's stock in Hong Kong, with the cumulative increase over the six days being 21 percent.
Analysts are optimistic about the Onvo L90's prospects, with Deutsche Bank projecting its monthly sales volume to reach about 5,000 units. CICC expects the Onvo L90 to maintain a leading position in the high-end large three-row SUV market. The pre-sales pricing of the L90 has been reported to beat market expectations, according to CICC.
The Onvo L60, Nio's previous model, sold 31,862 units in the first half of 2025, suggesting a strong market demand for Onvo vehicles. This optimism is further reflected in Deutsche Bank's prediction that Onvo's monthly total sales could exceed 10,000 units in the third quarter, given the success of the Onvo L60.
As of press time, Nio's stock is trading at 32.3 Hong Kong dollars. The Onvo L80, an upcoming model, is expected to have an average monthly sales volume of about 5,000 units. However, specific details about the L80's price and launch date have not been disclosed.
In conclusion, the Onvo L90 is expected to make a significant impact in the market, with estimates suggesting it could sell around 8,000 to 9,000 units per month in Q3 2025. The strong demand for the L90, coupled with Nio's strategic pricing and the success of the Onvo L60, bode well for the company's future.
- Nio's Onvo L90, poised for launch in Q3 2025, attracted over 30,000 pre-orders, indicating strong interest in the electric vehicle market, especially in China.
- The Onvo L90's success has positively impacted Nio's stock, with a 10 percent surge in Hong Kong, demonstrating potential for growth in the finance and real-estate sectors.
- With a base price of RMB 206,900 and lower pre-sales pricing under Nio's BaaS program, the Onvo L90's affordability is significant in the technology industry, potentially attracting more investors.
- Deutsche Bank anticipates the Onvo L90's monthly sales volume to reach around 5,000 units, while CICC expects it to maintain a leading position in the high-end large three-row SUV market, boosting competition within the electric vehicle industry.
- The Onvo L90's strong market demand, as evidenced by the success of the Onvo L60 selling 31,862 units in the first half of 2025, could create opportunities for expansion in the battery and technological sectors.
- As Nio prepares for the launch of the Onvo L80 in Q4, the company's future prospects remain promising, given the positive market response to the Onvo L90 and the potential of the electric vehicle industry in China and beyond.
