Will Onvo And Firefly Boost Nio Stock In 2025? [Forbes]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Forbes
VCG via Getty Images Chinese luxury electric vehicle maker Nio stock reported record deliveries of 31,138 vehicles in December, marking an increase of 73% compared to last year. Deliveries were also up 51% from 20,575 in November. In comparison, Li Auto , the largest of the emerging EV players in China, delivered 58,513 vehicles for December 2024, an increase of 16.2% year-over-year while Xpeng sold 36,695 vehicles, up a solid 82% year-over-year. Nio has been expanding its brand portfolio to help it address larger segments of the market and cater to more niche needs. The company's value-priced Onvo brand, launched in late September, sold 10,528 vehicles up from 5,082 units in November. The brand's first vehicle, the Onvo L60 is priced between RMB 200,000 ($28,000) and RMB 300,000 ($42,000). Sales are expected to scale up further as production ramps up and also as the product lineup widens. Onvo intends to launch two SUVs in 2025, including a seven-seater and a five-seater that wi
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News
- What's New With Xpeng Stock? [Forbes]Forbes
- How Chinese Lending Firm Cango Became a Bitcoin Mining Powerhouse [Yahoo! Finance]Yahoo! Finance
- What's Happening With Li Auto Stock? [Forbes]Forbes
- How Do 2024 Vehicle Deliveries for NIO, LI and XPEV Compare? [Yahoo! Finance]Yahoo! Finance
- Chinese EV makers extend buying incentives as price war enters third year [Yahoo! Finance]Yahoo! Finance
LI
Sec Filings
- 1/2/25 - Form 6-K
- 12/16/24 - Form 6-K
- 12/9/24 - Form 144
- LI's page on the SEC website