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Nio October deliveries fall 15.23%, ending 31-month streak of year-on-year growth

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Nio October deliveries fall 15.23%, ending 31-month streak of year-on-year growth

Nio Inc (NYSE: NIO) delivered 34,246 vehicles in October, marking its first year-on-year decline in more than 30 months as a drop at its Onvo brand offset growth at the Nio main brand and Firefly.

The Chinese electric vehicle maker announced its latest delivery figures on Sunday, November 1. October deliveries fell 15.23% year-on-year and 8.45% from September.

This was Nio Inc's first year-on-year decline in monthly deliveries since February 2024, with volume also falling to its lowest since April this year, according to data compiled by CnEVPost.

In the first 10 months of the year, Nio Inc delivered 334,547 vehicles, up 38.46% year-on-year and already surpassing its full-year 2025 total of 326,028.

However, year-to-date growth slowed further from 49.24% in the first 9 months. The company's cumulative deliveries reached 1,332,139 vehicles at the end of October.

Performance across its 3 brands continued to diverge. The Nio main brand delivered 18,125 vehicles in October, up 5.73% year-on-year but down 14.98% from September, marking its lowest monthly volume since February.

In the first 10 months, the Nio main brand delivered 200,113 vehicles, up 55.71% year-on-year and accounting for 59.82% of the company's total.

Onvo, its family-oriented brand, delivered 8,383 vehicles in October, down 51.66% year-on-year and 4.34% from September. This marked its third consecutive year-on-year decline and fifth consecutive monthly decline.

Onvo's deliveries in the first 10 months totaled 78,574 vehicles, down 9.54% year-on-year, reversing a 0.97% increase in the first 9 months.

The brand reached the milestone of 200,000 cumulative deliveries on October 8.


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