Nio Drops 4% in Hong Kong, Following Deutsche Bank Onvo L80 Warning

Nio Inc. shares fell 4% in Hong Kong trading on Monday.

Deutsche Bank warned that initial sales momentum for the new Onvo L80 SUV may cool.

Analysts project monthly L80 sales will peak at 10,000 units.

Monthly sales will likely normalize to 4,000 units as competition intensifies.

This pattern mirrors the trajectory of the larger Onvo L90 SUV.

Competition from Chinese rivals including Li Auto, BYD, and Xpeng could temper long-term performance once launch excitement subsides.