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

• October deliveries of 34,246 vehicles were the lowest since April, as Onvo's decline offset year-on-year growth at the Nio main brand and Firefly.
• Firefly delivered 7,738 vehicles, setting a record for the second consecutive month.

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. Its lineup currently comprises 3 battery electric SUVs — the L60, L80 and L90 — following a round of product expansion and updates in the second quarter.

Small EV brand Firefly continued to grow, delivering 7,738 vehicles in October, up 30.89% year-on-year and 5.61% from September, setting a monthly record for the second consecutive month.

Firefly was the company's only brand to post month-on-month delivery growth in October. Its share of the company's monthly deliveries rose to 22.60%, the highest since it began deliveries.

Firefly delivered 55,860 vehicles in the first 10 months of the year, bringing its cumulative deliveries to 95,274 at the end of October.

On the product front, Nio Inc reiterated in its latest announcement that the third-generation ES8 reached 160,000 cumulative deliveries on October 23, but did not disclose the model's October delivery volume.

The company said the all-new ES8 ranked first in cumulative retail sales in China's large SUV segment in the first 10 months. A 5-seat version was added in July, expanding the lineup beyond its 6-seat and 7-seat configurations into the large 5-seat SUV market.

Firefly introduced a 60 kWh battery pack on October 23, increasing its CLTC range to 560 kilometers (348 miles) and offering a longer-range option for both new buyers and existing owners.