NIO-SW (09866.HK)(NIO.US) subsidiary, Ladao Automobiles, announced that the Ladao L60 has delivered 20,000 vehicles after being on the market for 100 days.
It is reported that Ladao completed its capacity ramp-up in the third full delivery month after the official product launch. According to official forecasts, Ladao will have a monthly delivery capacity of 0.02 million vehicles by March next year.