Li added the company’s small, quality EVs will have enhanced safety features compared to rivals’ offerings. Still, it will share sales and service networks with NIO’s namesake brand, Li said. Meanwhile, the mainstream Onvo brand plans to open 100 dedicated showrooms by the end of year but will share part of the company’s battery swap stations with the NIO brand. Li reiterated the company’s target of doubling its sales to around 440,000 units next year, anticipating that Onvo will become a major growth driver. The Onvo L60 went on sale in September at a starting price of RMB 206,900 ($28,428), and the Firefly brand is set to cover a price range of between RMB 140,000 and RMB 200,000.