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Story summary
- Nio Group's Onvo sub-brand delivered 3,481 vehicles in January, down 62% from December and 41% year over year, the weakest since September 2024.
- Nio Group's total vehicle deliveries reached 27,182, a 96.08% year-over-year rise driven mainly by the ES8 SUV.
- The end of subsidies in China has significantly reduced Onvo sales, prompting Nio to offer a seven-year financing program and launch limited edition L90 models for the Chinese New Year.
