China's Nio aims for monthly deliveries of 20,000 Onvo cars next March

Reuters12-12

BEIJING, Dec 12 (Reuters) - Chinese electric vehicle $(EV)$ maker Nio 9866.HK aims to achieve monthly deliveries of 20,000 Onvo cars in March 2025, its founder and CEO William Li said on Thursday.

The automaker's growth is two years behind its original plan mainly due to weak execution, Li said, adding that Nio would further improve efficiency and cost control.

(Reporting by Zhang Yan and Brenda Goh; Editing by Clarence Fernandez)

((clarence.fernandez@thomsonreuters.com; +6568703861; RM:clarence.fernandez.thomsonreuters.com@thomsonreuters.net))

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