Nio October Deliveries Fall 15.23% as Onvo Slumps

Nio Inc (NYSE: NIO) delivered 34,246 vehicles in October 2026, recording its first year-on-year decline in monthly deliveries in more than 30 months. The Chinese electric vehicle manufacturer reported a 15.23% decrease compared with October last year and an 8.45% decline from September. The downturn was primarily reflected in weaker performance from its family-oriented Onvo brand, which offset delivery growth at the Nio main brand and Firefly. October also marked the company's lowest monthly delivery volume since April 2026, highlighting the diverging performance of its three brands.

The October decline represented the first year-on-year reduction in Nio Inc's monthly deliveries since February 2024. Despite the weaker monthly performance, the company maintained substantial cumulative growth during the first 10 months of 2026. It delivered 334,547 vehicles between January and October, representing a 38.46% increase year-on-year and exceeding its full-year 2025 total of 326,028 vehicles. However, the year-to-date growth rate moderated from 49.24% recorded during the first nine months. Nio's cumulative deliveries reached 1,332,139 vehicles at the end of October.

The Nio main brand delivered 18,125 vehicles in October, increasing 5.73% year-on-year but declining 14.98% compared with September. This was its lowest monthly delivery volume since February 2026. During the first 10 months, the brand delivered 200,113 vehicles, representing 55.71% year-on-year growth and accounting for 59.82% of the company's total deliveries. Its performance remained positive on an annual basis, although the monthly decline indicated a weaker October compared with the preceding month.

Onvo, Nio's family-oriented electric vehicle brand, delivered 8,383 vehicles in October, down 51.66% year-on-year and 4.34% month-on-month. This represented its third consecutive month of year-on-year delivery declines and its fifth consecutive monthly decline. Onvo delivered 78,574 vehicles during the first 10 months of 2026, a 9.54% decrease compared with the corresponding period last year. The result reversed the 0.97% year-on-year growth recorded during the first nine months, indicating a further deterioration in its cumulative delivery performance.

Onvo reached 200,000 cumulative deliveries on October 8, 2026. Its current product lineup comprises three battery electric SUVs: the L60, L80 and L90. The lineup follows product expansion and updates introduced during the second quarter. Although the brand achieved the 200,000-delivery milestone, its October figures reflected continued weakness in monthly demand, with deliveries declining on both annual and sequential comparisons.

In contrast, Firefly, Nio's small electric vehicle brand, delivered 7,738 vehicles in October, increasing 30.89% year-on-year and 5.61% compared with September. It established a new monthly delivery record for the second consecutive month and was the only one of the company's three brands to record month-on-month growth in October. Firefly accounted for 22.60% of Nio Inc's total monthly deliveries, representing its highest contribution since the brand began deliveries.

Firefly delivered 55,860 vehicles during the first 10 months of 2026, bringing its cumulative deliveries to 95,274 units by the end of October. Its continued monthly growth contrasted with the declining performance of Onvo and the sequential slowdown at the Nio main brand. The results demonstrated the increasingly different delivery trajectories across the company's three-brand portfolio, with Firefly providing the strongest monthly growth contribution in October.

On the product front, Nio reiterated that the third-generation ES8 reached 160,000 cumulative deliveries on October 23, 2026. However, the company did not disclose the model's individual delivery volume for October. This may indicate that ES8 deliveries during the month were below 10,000 units, although the company did not confirm the figure. Nio also stated that the all-new ES8 ranked first in cumulative retail sales in China's large SUV segment during the first 10 months of 2026.

The ES8 lineup was expanded in July with the introduction of a five-seat version, adding another configuration alongside its existing six-seat and seven-seat variants. The expansion extended the model's presence into the large five-seat SUV segment. Meanwhile, Firefly introduced a new 60-kWh battery pack on October 23. The battery increases the vehicle's CLTC driving range to 560 kilometers (348 miles), providing a longer-range option for both new customers and existing owners.

Industry Impact & Outlook

Nio Inc's October delivery performance highlights the importance of individual brand contributions within its multi-brand electric vehicle strategy. Although the company maintained 38.46% year-on-year growth during the first 10 months, the decline in monthly deliveries and moderation in cumulative growth indicate a changing performance trajectory. Onvo's sustained delivery weakness offset positive contributions from the Nio main brand and Firefly, while Firefly's consecutive monthly records demonstrated stronger recent momentum. Product developments, including the expanded ES8 seating configurations and Firefly's longer-range battery option, also illustrate the company's efforts to broaden its product offerings across different vehicle segments.

Frequently Asked Questions

1. How many vehicles did Nio Inc deliver in October 2026?
Nio Inc delivered 34,246 vehicles in October 2026, representing a 15.23% year-on-year decline and an 8.45% decrease compared with September. This was the company's first year-on-year monthly delivery decline since February 2024. The October result also marked its lowest monthly delivery volume since April 2026. Weaker performance at Onvo offset growth from the Nio main brand and Firefly, resulting in an overall decline across the company's three-brand delivery portfolio.

2. How did Nio's three brands perform in October 2026?
The three brands recorded different delivery performances in October 2026, with Firefly being the only brand to achieve month-on-month growth. The Nio main brand delivered 18,125 vehicles, up 5.73% year-on-year, while Onvo delivered 8,383 vehicles, down 51.66%. Firefly delivered 7,738 vehicles, increasing 30.89% year-on-year. Compared with September, the main Nio brand declined 14.98%, Onvo declined 4.34%, and Firefly increased 5.61%.

3. Why did Nio Inc record its first annual delivery decline since February 2024?
Nio Inc's October delivery decline was primarily associated with weaker performance at its Onvo brand, which offset growth from its other two brands. Onvo recorded an annual decline of 51.66%, marking its third consecutive year-on-year decrease and fifth consecutive monthly decline. Although the Nio main brand achieved 5.73% annual growth and Firefly increased 30.89%, their contributions were insufficient to offset Onvo's decline. Consequently, total company deliveries fell 15.23% year-on-year.

4. How many vehicles did Nio Inc deliver during the first 10 months of 2026?
Nio Inc delivered 334,547 vehicles between January and October 2026, representing a 38.46% increase compared with the same period in 2025. This cumulative figure already exceeded the company's full-year 2025 deliveries of 326,028 vehicles. However, its year-to-date growth rate moderated from 49.24% during the first nine months to 38.46% after October. The company's cumulative deliveries since it began deliveries reached 1,332,139 vehicles at the end of October.

5. What new product developments did Nio announce in October 2026?
Nio highlighted developments involving the third-generation ES8 and Firefly during October 2026. The third-generation ES8 reached 160,000 cumulative deliveries on October 23, while its five-seat configuration, introduced in July, expanded the existing six-seat and seven-seat lineup. Separately, Firefly introduced a 60-kWh battery pack on October 23, increasing its CLTC driving range to 560 kilometers (348 miles). The longer-range battery option is available for both new buyers and existing owners.