We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Will the ONVO L90's Fast Market Entry Boost NIO's Competitive Edge?
Read MoreHide Full Article
Key Takeaways
ONVO begins L90 test drives across 140 cities ahead of its official July 31 launch date.
The L90 will be one of NIO's fastest-to-market EVs, with deliveries starting Aug. 1.
Despite value pricing, L90 features fast charging, AR display, air suspension, and Orin-X driver assist tech.
NIO Inc.’s (NIO - Free Report) sub-brand ONVO, which focuses on the family vehicle segment, started offering test drives for its upcoming L90 flagship electric SUV in China on Wednesday. Nearly 600 L90 units became available for test drives at more than 400 Onvo showrooms across 140 cities.
ONVO has officially announced that the L90 will launch on July 31. This is the first time the company has disclosed a specific date. Pre-sales for the large all-electric SUV began on July 10, 2025, and the deliveries would start on Aug. 1, 2025.
The L90 is set to be one of the fastest-to-market models in NIO’s lineup. The pre-sale price of L90 starts at RMB 279,900 with an 85-kWh battery. Under the Battery-as-a-Service rental option, the starting price is reduced to RMB 193,900. It is expected that the price may drop further upon official launch, a common practice in China’s EV market.
Although positioned as a value offering, the L90 comes equipped with high-end features such as 900V fast charging, an AR head-up display, adjustable air suspension, a built-in smart refrigerator and Level 2+ driver assistance systems powered by Nvidia’s Orin-X chip. To keep costs down without compromising on quality, NIO leveraged existing platforms and powertrains in the L90's design. NIO carries a Zacks Rank #3 (Hold) at present.
Li Auto Inc. (LI - Free Report) will unveil its electric SUV, the Li i8, on July 29. Li Auto started pre-sales for the model on July 17 with a starting price estimated between RMB 350,000 and RMB 400,000. With support for 5C fast charging, the vehicle significantly reduces downtime at charging stations. Although slightly more compact than NIO’s ONVO L90, the i8 surpasses it in both battery capacity and range.
XPeng Inc. (XPEV - Free Report) officially launched the G7 earlier this month, its first all-new model of the year, at a competitive starting price of RMB 195,800. This represents a reduction from the initial pre-sale price of RMB 235,800 announced on June 11. XPeng G7 is offered in three configurations. The G7 is the first model to feature XPeng’s proprietary Turing AI smart driving chip, which delivers up to 2,250 TOPS of computing power, the highest among electric vehicles currently on the market for intelligent driving systems.
NIO’s Price Performance, Valuation and Estimates
NIO has outperformed the Zacks Automotive-Domestic industry year to date. NIO shares have gained 14.9% against the industry’s decline of 7.2%.
YTD Price Performance
Image Source: Zacks Investment Research
From a valuation perspective, NIO appears overvalued. Going by its price/sales ratio, the company is trading at a forward sales multiple of 0.66, higher than its industry’s 0.45.
Image Source: Zacks Investment Research
EPS Estimates Revision
The Zacks Consensus Estimate for 2025 EPS has moved up 16 cents in the past 60 days. The Zacks Consensus Estimate for 2026 EPS has moved down a penny in the past 30 days.
Image Source: Zacks Investment Research
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Will the ONVO L90's Fast Market Entry Boost NIO's Competitive Edge?
Key Takeaways
NIO Inc.’s (NIO - Free Report) sub-brand ONVO, which focuses on the family vehicle segment, started offering test drives for its upcoming L90 flagship electric SUV in China on Wednesday. Nearly 600 L90 units became available for test drives at more than 400 Onvo showrooms across 140 cities.
ONVO has officially announced that the L90 will launch on July 31. This is the first time the company has disclosed a specific date. Pre-sales for the large all-electric SUV began on July 10, 2025, and the deliveries would start on Aug. 1, 2025.
The L90 is set to be one of the fastest-to-market models in NIO’s lineup. The pre-sale price of L90 starts at RMB 279,900 with an 85-kWh battery. Under the Battery-as-a-Service rental option, the starting price is reduced to RMB 193,900. It is expected that the price may drop further upon official launch, a common practice in China’s EV market.
Although positioned as a value offering, the L90 comes equipped with high-end features such as 900V fast charging, an AR head-up display, adjustable air suspension, a built-in smart refrigerator and Level 2+ driver assistance systems powered by Nvidia’s Orin-X chip. To keep costs down without compromising on quality, NIO leveraged existing platforms and powertrains in the L90's design. NIO carries a Zacks Rank #3 (Hold) at present.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Launches by NIO’s Competitors
Li Auto Inc. (LI - Free Report) will unveil its electric SUV, the Li i8, on July 29. Li Auto started pre-sales for the model on July 17 with a starting price estimated between RMB 350,000 and RMB 400,000. With support for 5C fast charging, the vehicle significantly reduces downtime at charging stations. Although slightly more compact than NIO’s ONVO L90, the i8 surpasses it in both battery capacity and range.
XPeng Inc. (XPEV - Free Report) officially launched the G7 earlier this month, its first all-new model of the year, at a competitive starting price of RMB 195,800. This represents a reduction from the initial pre-sale price of RMB 235,800 announced on June 11. XPeng G7 is offered in three configurations. The G7 is the first model to feature XPeng’s proprietary Turing AI smart driving chip, which delivers up to 2,250 TOPS of computing power, the highest among electric vehicles currently on the market for intelligent driving systems.
NIO’s Price Performance, Valuation and Estimates
NIO has outperformed the Zacks Automotive-Domestic industry year to date. NIO shares have gained 14.9% against the industry’s decline of 7.2%.
YTD Price Performance
Image Source: Zacks Investment Research
From a valuation perspective, NIO appears overvalued. Going by its price/sales ratio, the company is trading at a forward sales multiple of 0.66, higher than its industry’s 0.45.
Image Source: Zacks Investment Research
EPS Estimates Revision
The Zacks Consensus Estimate for 2025 EPS has moved up 16 cents in the past 60 days. The Zacks Consensus Estimate for 2026 EPS has moved down a penny in the past 30 days.
Image Source: Zacks Investment Research