Latest news with #L90
Arabian Post
19-05-2025
- Automotive
- Arabian Post
ONVO L90 Sets New Benchmark for Spacious Electric SUVs
NIO's sub-brand ONVO unveiled its flagship SUV, the L90, at Auto Shanghai 2025, marking a significant stride in the electric vehicle market. Positioned as a full-size, six-seat SUV, the L90 is built on NIO's NT3.0 platform and features a 900V high-voltage architecture, aiming to cater to families seeking spacious and efficient electric mobility. Measuring 5,145 mm in length, 1,998 mm in width, and 1,786 mm in height, with a wheelbase of 3,110 mm, the L90 offers a substantial presence on the road. Its design incorporates a distinctive 'shark nose' front, frameless doors, and hidden door handles, contributing to a sleek and modern aesthetic. The vehicle's exterior is further enhanced by the 'Star Path Illumination' pixel headlight system, which supports adaptive lighting functions and customizable light patterns. One of the L90's standout features is its storage capacity. The SUV boasts a 240-liter front trunk, or 'frunk,' which ONVO claims is the largest among current models in China. This front compartment can accommodate two 20-inch suitcases and a smaller bag, while the rear cargo area is designed to hold seven standard 20-inch suitcases, even when all six seats are occupied. Under the hood, the L90 offers both rear-wheel-drive and all-wheel-drive configurations. The rear-wheel-drive model is equipped with a 340 kW motor, while the all-wheel-drive variant adds a 100 kW front motor, resulting in a combined output of 440 kW . Both versions come standard with an 85 kWh battery pack, available in lithium iron phosphate and ternary lithium chemistries. The SUV also supports NIO's battery swap technology, allowing for quick battery replacements at designated stations. See also Toyota Adopts Huawei's HarmonyOS for New Electric Sedan The L90's suspension system features a double-wishbone independent front suspension and a multi-link independent rear suspension, complemented by an air suspension setup for enhanced ride comfort. Additionally, the vehicle includes electric side steps and a thick D-pillar design, contributing to its robust and commanding appearance. Inside, while the full interior has yet to be revealed, ONVO emphasizes the L90's focus on space efficiency and intelligent mobility systems. The SUV is designed to accommodate various travel scenarios, supporting configurations like 'six passengers and ten suitcases.' The vehicle also incorporates a pure vision-based autonomous driving solution, indicated by the presence of two roof-mounted cameras. The L90 is scheduled for official launch in the third quarter of 2025. ONVO aims to position the SUV competitively in the market, targeting middle-income families seeking a spacious and technologically advanced electric vehicle. The brand has set ambitious sales targets, with plans to achieve 20,000 monthly deliveries by March 2025.
Yahoo
18-04-2025
- Automotive
- Yahoo
Nio to Showcase Full Range of Brands at 2025 Shanghai Auto Show
Nio (NIO, Financials) said it will showcase vehicles from all three of its brands Nio, Onvo, and Firefly at the 2025 Shanghai auto show, scheduled for April 23 to May 2 at the National Exhibition and Convention Center in Shanghai. Warning! GuruFocus has detected 4 Warning Signs with NIO. The participation will mark the fifth time the Nio brand is featured at the biennial event, and the first for its two sub-brands, Onvo and Firefly. Firefly's first model, a compact battery electric vehicle, will launch on April 19 ahead of the show. Pre-sales for the model began in December during Nio Day 2024 at a price of 148,800 yuan ($20,350). Nio said it plans to share a booth with Firefly at location 7A16 in Hall 7.1H, positioned near BMW and Great Wall Motor. Onvo's booth will be located at 6B03 in Hall 6.2H, opposite Xiaomi EV. The company will also bring its flagship two-story Nio House showroom to the event, combining a vehicle display on the ground floor and a lounge and user activity area on the second. Onvo will present its L60 mid-size electric SUV and introduce the L90, a six-seat SUV equipped with an 85-kilowatt-hour battery pack. Firefly's compact model will appear on the same stage alongside Nio's primary lineup. Nio said it will also exhibit its 12 full-stack technologies at the show, including its in-house developed smart driving chip, Shenji NX9031, a steer-by-wire system, and a 900-volt high-performance electric drive system. The 2025 Shanghai auto show will feature 13 indoor halls, eight of which will showcase passenger vehicles, according to organizers. This article first appeared on GuruFocus.
Yahoo
04-04-2025
- Automotive
- Yahoo
Why Nio Stock Plunged 17.7% in March
With Nio (NYSE: NIO) stock rallying 12% by the 18th of last month, investors thought shares of the electric vehicle (EV) maker had finally bottomed. Unfortunately, their hopes were dashed soon after as Nio stock made a U-turn, hit a 52-week low, and ended March 17.7% lower, according to data provided by S&P Global Market Intelligence. A drop in deliveries, rising losses, and a share sale sent Nio stock tumbling in recent weeks. Nio's delivery numbers announced on March 1 were a mixed bag. Although its deliveries surged 62% year over year in February, they dropped 4.8% sequentially. Interestingly, while deliveries under Nio's flagship brand rose 15% over January, its mass-market sub-brand Onvo saw deliveries slip almost 32% sequentially. Days later, Nio reported a record net loss of $974 million for its fourth quarter, up 33% year over year despite 13% growth in vehicle sales. Nio's gross margin improved to 11.7% in Q4 from 7.5% in the year-ago quarter, but higher operating expenses ate into its bottom line as the company spent more money on marketing and promoting new brands and expanding its sales network. Nio's next announcement further hit the stock. Toward the end of March, Nio announced plans to sell nearly 136.8 million shares in offshore transactions for a price of 29.46 Hong Kong dollars per share. That meant a steep discount of 9.5% to the previous day's closing price on the Hong Kong stock exchange. Nio stock tumbled and hit a 52-week low of $3.57 on March 31. Nio is betting big on its sub-brands for growth. Onvo began deliveries of its first model, the L60 SUV, in September 2024 and is ready to launch its second model, the L90, in the coming weeks. Although Onvo deliveries fell in March, I'd wait for some quarters to see the trend since the beginning of the year around the Chinese New Year holiday is a seasonally weak period for auto sales. Meanwhile Nio's second sub-brand Firefly will launch its first model -- a compact hatchback -- on April 19. Nio's guidance also didn't disappoint. It expects to deliver between 41,000 and 43,000 vehicles in the first quarter, which would mean year-over-year growth of around 36% to 43%. Its Q1 revenue guidance also means potential growth of around 23% to 30% year over year. Nio's stock is about the cheapest it's ever been now on a price-to-sales ratio, but you'd want to keep an eye on its costs and financials as they could decide where the stock heads next. Nio says it is selling shares to raise money for research and development of EV technologies and new products, and to strengthen its balance sheet. I'd pay more attention to the latter, since Nio is burning cash, and its current assets even exceeded its current liabilities as of the end of the fourth quarter. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $263,993!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,523!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $494,557!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of April 1, 2025 Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Nio Stock Plunged 17.7% in March was originally published by The Motley Fool Sign in to access your portfolio
