Nio v 1Q FY2026 zvýšilo hrubou marži na 19,0 % z 7,6 % a snížilo náklady na R&D o 40,7 % a SG&A o 20,5 %. Dodávky vzrostly meziročně o 98,3 % na 83 465 vozů.
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The consensus story on Nio (NYSE:NIO | NIO Price Prediction) has been predictable for years: a cash-burning Chinese electric vehicle startup that was one funding round away from trouble. That narrative was not wrong. Full-year 2025 still produced a net loss of RMB 14.9 billion, and going-concern language appeared in the filings. The market still sees that company, even though the financials describe a different one.
The Cost Base Has Been Re-Engineered The Q1 FY2026 report tells the story. Gross margin came in at 19.0%, up from 7.6% a year earlier. Vehicle margin hit 18.8%, improving quarter-over-quarter for the fourth consecutive quarter. R&D expenses fell 40.7% year over year, and SG&A dropped 20.5%. CEO William Li noted that the “productivity or yield of RMB 2.0 billion in R&D investment is equivalent to perhaps RMB 3.5 billion in past years.”
Nio printed a GAAP net profit of RMB 282.7 million in Q4 2025. It then slipped back to a net loss of RMB 48.1 million in Q1, while holding non-GAAP adjusted operating profit of RMB 66.76 million. Li was direct: “For full-year 2026, our financial target is to achieve positive non-GAAP operating profit.” The trajectory points toward sustained profitability, though more remains to be proved.
Three Brands, Three Segments Q1 deliveries hit 83,465 units, up 98.3% year on year, split across the NIO brand (58,543), ONVO (13,339), and FIREFLY (11,583). The all-new ES8 reached its 100,000 delivery milestone in just 215 days, holding about 49.7% market share in its price segment. Q2 guidance calls for 110,000 to 115,000 vehicles. (For readers thinking about beaten-down growth names, our Winners You Already Missed report walks through the framework.)
Battery Swap: From Liability to Moat The 3,972 power swap stations and more than 29,200 chargers were long framed as capital expenditure sinkholes. Other-sales margin reached 20.6%, a four-year high. Li called services and community “at an inflection point and entering a new growth phase.” That is a recurring, higher-margin revenue engine and a switching cost.
The Risks Are Genuine Shares trade at $4.93, down 89.0% over five years. Reddit sentiment shows bearish scores of 22 to 23, anchored to a thread titled “Holding a 90%+ loser for 6 years.” Germany registrations collapsed 88% in H1 2026, ES8 unit costs rose roughly $2,950 on raw materials, and shareholders’ equity is a thin $626 million. Analyst sentiment is positive, and the $7.35 consensus target signals a 49% gain.
Real risks remain, but the market is still pricing a company that no longer matches its own income statement.
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NIO v červnu doručil 40 597 vozů, meziročně o 62,9 % více, a nové ES9 dosáhlo 10 000 kumulativních dodávek za 30 dní od uvedení. Akcie byly ráno o 1,67 % výše na 4,85 USD.
NIO stock is showing upward movement. What’s driving NIO shares up? What Is Driving NIO’s Recent Delivery Momentum?NIO reported June deliveries of 40,597 vehicles (up 62.9% year over year) and Q2 deliveries of 107,658 (up 49.4%), with the new ES9 reaching 10,000 cumulative deliveries within 30 days of launch. The company also said cumulative deliveries totaled 1,188,715 as of June 30, and the All-New ES8 has now surpassed 120,000 cumulative deliveries.
China EV ADRs are also staying active as peers post their own delivery reads, including XPeng and Li Auto. Li Auto reported June deliveries of 30,895 (down 14.8%), a divergence traders often use for relative-momentum positioning across the group.
Li Auto’s footprint expansion to 495 retail stores and 4,097 supercharging stations is another competitive benchmark for NIO because it highlights how quickly rivals can scale distribution and charging access even when unit growth is softer. The move mirrors the broader China EV land-grab, which often leads NIO to trade more on execution and share signals than on the macro tape.
NIO Stock: Critical Levels To WatchEven with the premarket lift, NIO is still in a downtrend on the longer-term map: it’s trading 2.3% below the 20-day SMA ($4.99) and 14.7% below the 200-day SMA ($5.72), with the 20-day SMA also below the 50-day SMA. The "death cross" that formed in June (50-day SMA below the 200-day SMA) keeps the bigger-picture bias cautious until price can reclaim key averages.
Momentum is the more constructive part right now: MACD is above its signal line and the histogram is positive, which points to downside pressure easing versus the prior downswing. In plain terms, when MACD is above its signal line, it often means sellers are losing control even if price hasn’t fully flipped the trend yet.
Key Resistance: $5.00 — a nearby round-number level where rebounds can stall, sitting just above the current price and below the 20-day averages. What Is NIO and How Does It Compete?Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles, and it tries to stand out with features like battery swapping and autonomous driving.
Its current lineup spans midsize to large sedans and SUVs, and it sold around 326,000 EVs in 2025—about 2% of China’s passenger new energy vehicle market. That’s why delivery updates can move the stock quickly: they’re one of the cleanest, most frequent signals on demand, mix, and competitive positioning.
NIO Stock Price ActivityNIO Stock Price Activity: Nio shares were up 1.67% at $4.85 Friday morning, according to Benzinga Pro data.
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Akcie Nio klesly pod klíčovou support úroveň a v New Yorku se dostaly na několikaměsíční minimum 4,88 USD, tedy 40 % pod letošním maximem, navzdory meziročnímu růstu dodávek o 62,9 % v červnu.
Nio stock price dropped below a crucial support level as demand for Chinese electric vehicle shares fell. It dropped to a multi-month low of $4.88 in New York, down by 40% from its highest point this year despite its strong delivery numbers.
Nio has emerged as one of the fastest-growing Chinese EV companies, helped by the traction of its newly launched vehicles.
Data released last week showed that its deliveries jumped by 62.9% YoY in June, bringing its second-quarter figure at 107,658. Its quarterly figure was about 50% higher than where it was last year.
Nio, its main brand, delivered 21,908 vehicles, while ONVO had 11,743. Firefly, the smaller brand delivered 6,946 vehicles during the month. This surge coincided with the launch of NIO WorldModel, which was installed to over 700k vehicles.
The ES9 model has now had over 120k deliveries, while ES9 sold 10,000 vehicles in 30 days, a sign that the brand is resonating with customers. In contrast, most Chinese EV companies like BYD, Li Auto, and XPeng continued to see weak growth.
Li Auto delivered 98,330 vehicles, representing an 11.5% annual decline. XPeng sold 103,295 vehicles, roughly unchanged from a year ago, while BYD delivered 1.1 million vehicles.
Therefore, the ongoing Nio stock plunge is likely happening as investors remain concerned about its growth trajectory. Also, there are concerns about its profitability growth. After reporting a net profit earlier this year, the recent earnings report showed that it made a $48 million loss in the first quarter.
Most of Nio’s metrics are doing well, especially in an industry that is facing substantial pressure. For example, despite the ongoing price war, the company’s gross profit margin rose to 18.8%, higher than many Chinese EV companies. This performance means that it may close the gap with Tesla, which has a margin of 21%.
Nio has other factors that could support its stock over the long term. For example, recent results showed that its research and development expenses declined by 40% year over year, mainly due to lower personnel costs. In addition, the company has largely completed the most capital-intensive phases of its R&D efforts, particularly in vehicle design and development.
Nio has also improved its balance sheet, with the amount of cash and equivalents rising to $7 billion. The management believes that it will not need to raise cash in the near term, which has been a source of concerns among investors.
Therefore, the recent weakness in Nio’s stock appears to be driven largely by fading investor enthusiasm for EV stocks rather than by deterioration in the company’s underlying business performance.
Nio stock chart | Source: TradingView
Technicals point to more weakness in the near term. It has formed a head-and-shoulders pattern, and most recently, it dropped below the neckline. Also, it dropped below the 100-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI) has continued falling.
Therefore, the stock will likely remain under pressure because of the general sector weakness. This retreat may see it fall to the psychological level of $4. Its strong fundamentals may help it bounce back later this year.
Key Takeaways NIO delivered 40,597 vehicles in June, up 62.9% year over year, while Q2 deliveries rose 49.4%.NIO rolled out its WorldModel driving system to 700,000 users across third-party and in-house chips.NIO's ES9 hit 10,000 deliveries in 30 days, while the All-New ES8 topped 120,000 cumulative deliveries. NIO Inc. (NIO - Free Report) delivered 40,597 vehicles in June 2026, up 62.9% year over year. The total included 21,908 NIO-branded vehicles, 11,743 ONVO vehicles and 6,946 FIREFLY vehicles. For the second quarter, deliveries rose 49.4% from the prior-year period to 107,658 vehicles. As of June 30, 2026, the company's cumulative deliveries had reached 1,188,715 vehicles.
On June 18, 2026, NIO released the latest version of its WorldModel intelligent driving system to more than 700,000 users simultaneously. The update made NIO the first automaker to support synchronized development and deployment of intelligent driving software across both third-party and in-house chip platforms.
It also introduced an enhanced three-layer training architecture, combining a world model, supervised fine-tuning and closed-loop reinforcement learning, to improve performance in complex driving scenarios, deliver more human-like driving behavior and better balance safety and efficiency.
On June 22, 2026, cumulative deliveries of the All-New ES8 surpassed 120,000 units, underscoring its strong performance in China's premium vehicle segment priced above RMB 400,000. The All-New ES8 Five-Seat variant arrived in showrooms and entered presales on June 28, 2026, with the company expecting it to further strengthen the model's presence in the premium five-seat SUV market.
On June 26, 2026, the NIO ES9 reached 10,000 cumulative deliveries within 30 days of its launch on May 28, 2026, setting a new delivery record in China for premium battery electric vehicles priced above RMB 500,000.
NIO’s Zacks Rank & Other Key PicksNIO currently has a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the auto space are Cummins Inc. (CMI - Free Report) , China Yuchai International Limited (CYD - Free Report) and Douglas Dynamics, Inc. (PLOW - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CMI’s 2026 sales and earnings implies year-over-year growth of 10.6% and 23.3%, respectively. The EPS estimate for 2026 and 2027 has improved 35 cents and $1.04, respectively, over the past 30 days.
The Zacks Consensus Estimate for CYD’s 2026 sales and earnings implies year-over-year growth of 52.2% and 51%, respectively. The EPS estimate for 2026 has improved 15 cents over the past 30 days.
The Zacks Consensus Estimate for PLOW’s 2026 sales and earnings implies year-over-year growth of 16.7% and 31.4%, respectively. The EPS estimate for 2026 and 2027 has improved 39 cents and 29 cents, respectively, over the past 60 days.
Nio stock price dropped to a crucial support level this week as investors continued selling Chinese electric vehicle shares. It was trading at $5.05, and may be at risk of further downside after forming a risky chart pattern despite its strong revenue and delivery growth.
The weekly chart shows that Nio shares peaked at $7.95 in September 2025 and then pulled back to a low of $4.35. A closer look shows that the stock has slowly formed a head-and-shoulders pattern, a common bearish reversal sign in technical analysis. It is now trading along this pattern’s neckline.
The stock has slumped below the 50-week Exponential Moving Average (EMA) and is about to fall below the Strong, Pivot, Reverse of the Murrey Math Lines tool of $4.70.
A break below the lower side of the H&S pattern points to more downside, potentially to the key support level of $3, its lowest level in April last year. If this happens, it will drop by about 40% below the current level.
On the other hand, a move above the right shoulder section of $7 will invalidate the bearish outlook and point to further gains ahead.
Nio stock chart | Source: TradingView
The ongoing Nio stock retreat mirrors that of other Chinese EV companies like Li Auto, XPeng, BYD, and Li Auto. All these stocks have plunged by double digits from their all-time highs.
The retreat has coincided with the recent decision by the Chinese government to start scaling down its EV subsidies, a move that will make them more expensive over time.
Most importantly, the Chinese market is now flooded with EVs and Internal Combustion Vehicles (ICE). A look at most EV companies, including Xiaomi, Geely, Polestar, and Tesla shows that they have boosted their output in the past few months.
Other companies in the ICE industry, like Mercedes-Benz, Toyota, Nissan, and Dongfeng, have continued to boost their production. The implication of all this is that companies like Nio and Xpeng have been engaged in a price war, a trend that will continue in the foreseeable future.
Still, despite all this, Nio is one of the best-performing Chinese EV companies, with the most recent results showing that its deliveries rose by 62.3% in May to 37,705. Its YTD deliveries jumped by 68.7% to 150,526.
Most of its sales are still from its Nio brand, which jumped to 20,013, while 12,029 were from its ONVO brand. The management has admitted that it needs to do more work to boost ONVO’s brand appeal in the country.
Still, it is seeing a modest demand for ONVO L80. Nio has also boosted its model lineup, including by launching ES9, which is the successor to the most popular ES8 model.
Analysts believe that the annual revenue jumped by 56% YoY to 136.6 billion yuan ($20 billion), followed by $22 billion next year.
A key challenge for the company is its profitability. While it made a net profit in the fourth quarter of last year, this reversed in the first quarter. Despite all this, analysts anticipate that it will make a net profit of 0.43 CNY per share this year, followed by 1.01 CNY next year.
