Nio (NIO -0.26%) forecast slower growth than investors anticipated for its upcoming quarter.
*Stock prices used were the afternoon prices of Sept. 3, 2026. The video was published on Sept. 5, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Nykredit A S acquired a new position in shares of NIO Inc. (NYSE:NIO – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 190,585 shares of the company’s stock, valued at approximately $964,000.
A number of other institutional investors also recently bought and sold shares of NIO. Bank of America Corp DE increased its holdings in NIO by 99.0% during the 1st quarter. Bank of America Corp DE now owns 14,228,916 shares of the company’s stock valued at $85,800,000 after acquiring an additional 7,079,903 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of NIO by 70.2% in the first quarter. Renaissance Technologies LLC now owns 14,452,131 shares of the company’s stock valued at $87,146,000 after purchasing an additional 5,962,731 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of NIO in the second quarter valued at about $19,008,000. ABC Arbitrage SA acquired a new stake in shares of NIO in the first quarter valued at approximately $4,043,000. Finally, Hsbc Holdings PLC grew its position in shares of NIO by 48.8% in the fourth quarter. Hsbc Holdings PLC now owns 680,382 shares of the company’s stock valued at $3,445,000 after purchasing an additional 223,178 shares during the last quarter. 48.55% of the stock is currently owned by hedge funds and other institutional investors.
NIO Price Performance NIO opened at $3.80 on Tuesday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.02 and a quick ratio of 0.89. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of -14.07 and a beta of 0.92. The business has a 50-day moving average of $4.62 and a two-hundred day moving average of $5.30. NIO Inc. has a 12 month low of $3.71 and a 12 month high of $8.02.
NIO (NYSE:NIO – Get Free Report) last posted its quarterly earnings data on Saturday, August 15th. The company reported $0.00 EPS for the quarter. NIO had a negative net margin of 3.95% and a negative return on equity of 111.37%. The company had revenue of $4.73 billion during the quarter. On average, research analysts expect that NIO Inc. will post -0.16 earnings per share for the current year. Wall Street Analyst Weigh In A number of research firms have recently weighed in on NIO. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $4.50 in a report on Wednesday, September 2nd. Bank of America reiterated a “neutral” rating and set a $6.80 price objective on shares of NIO in a research report on Thursday, May 21st. Freedom Broker downgraded shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Sanford C. Bernstein reduced their target price on shares of NIO from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, September 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $6.10 target price on shares of NIO in a report on Friday. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.21.
Read Our Latest Research Report on NIO
NIO Company Profile (Free Report)
NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.
The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.
Recommended Stories Five stocks we like better than NIO 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding NIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIO Inc. (NYSE:NIO – Free Report).
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Investors have been closely watching Chinese electric vehicle (EV) maker Nio (NIO -2.20%) for signs of progress toward profitability. Record-breaking EV deliveries late last year had it on the right path.
But its latest quarterly report showed it took a small step back in Q2. That led to a stock sell-off this week, with shares down about 14% as of late Friday morning, according to data provided by S&P Global Market Intelligence.
Image source: The Motley Fool.
Nio reported revenue increased 69% year over year in the second quarter. It was also a 26% boost sequentially over the first quarter. But the loss from operations actually increased slightly compared to the first quarter. While both were still massive improvements compared to the year-ago periods, investors want to see the move to actual income from operations.
That could still be coming soon. As shown in the chart below, Nio continues to grow EV deliveries, with 14.5% year-over-year growth in August.
Data source: Nio. Chart by the author.
That bodes well for Q3 as long as cost increases don't outpace sales growth. Component costs as well as fierce competition in China and Europe have been headwinds for the company and other EV makers.
This week's dip in the stock could be a good entry point if the company achieves profitability over the next year.
Howard Smith has positions in Nio. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Short position through short-selling of the stock, or purchase of put options or similar derivatives in NIO over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of NIO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
China’s electric vehicle market has become synonymous with relentless price cuts. But NIO Inc (NYSE:NIO) believes the industry’s next chapter will be defined by something far harder to build—and much more valuable: brand.
During its second-quarter earnings call, CEO William Li argued that China’s EV industry is moving beyond competing on specifications and discounts, with brand identity increasingly shaping consumer decisions. “Brand reputation and awareness are already accounting for more than 30% of their purchasing decision,” Li said.
If that proves true, the biggest winners may not be the companies offering the cheapest vehicles, but those capable of commanding premium pricing.
NIO Sees Brand Power RisingLi described a structural shift in China’s auto market rather than a temporary change in consumer behavior.
“As China’s automotive market enters a new phase of competition, the industry is moving from a period of brand ambiguity toward greater brand clarity, with brand becoming an increasingly important factor in consumers’ purchasing decisions,” he said. He added that competition is also moving “from product-level competition to competition in comprehensive system capabilities.”
Management reinforced that message during the Q&A.
Li said Chinese buyers had previously focused primarily on vehicle specifications, but purchasing decisions are now becoming increasingly brand-driven. As evidence, he pointed to NIO’s premium positioning, noting that “among many users, they naturally believe that if they are going to choose a car to replace their existing Mercedes, BMW, and Audi, then NIO will be their natural choice.”
Premium EVs Face a New TestNIO’s argument runs counter to the dominant narrative surrounding China’s EV market. So far, aggressive pricing has pressured profitability across the industry. Instead of responding with deeper discounts, the company maintains pricing discipline while continuing to invest in technology, battery swapping, and customer service.
NIO is now in closer competition with premium global brands than with mass-market EV manufacturers. Alongside traditional luxury automakers such as Mercedes-Benz, BMW, and Audi; Tesla Inc (NASDAQ:TSLA) remains another key benchmark in the premium EV segment, where brand perception and customer loyalty increasingly influence purchasing decisions as the market matures.
While this reflects management’s strategic view rather than an established industry consensus, the comments suggest NIO’s competitive advantage will come from brand equity and ecosystem strength—not simply producing the lowest-cost EV.
Investment TakeawayThe key question for investors may no longer be whether China’s EV makers can keep cutting prices—it is whether they can build brands strong enough to stop cutting them.
If China’s market is indeed entering a more brand-driven phase, companies that successfully establish premium positioning could enjoy stronger pricing power and healthier margins over time.
That would have implications not only for NIO but also for premium competitors, including Tesla, Mercedes-Benz, BMW, and Audi, all of which compete for consumers willing to pay more for perceived quality, technology, and brand identity rather than price alone.
J.P. Morgan just praised Nio's quarter and punished the stock at the same time, and the reason behind that split verdict is reshaping how investors see the entire China EV sector.
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Shares of Nio (NYSE:NIO | NIO Price Prediction) are down 4% to $3.92 in early Wednesday trading after J.P. Morgan cut the stock to Neutral from Overweight and lowered its price target to $4.50 from $7.00. The move stands out because the research note credits the company’s execution and blames the market it sells into.
The peer group is lower by a fraction of that move. XPeng (NYSE:XPEV) is down 1% to $11.02, and Li Auto (NASDAQ:LI) is down 1% to $11.78. For contrast, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.1% to $762.48, so the broader market trades essentially flat while the China EV complex leaks lower and Nio drops by several times the peer group’s move.
Nio reported its Q2 2026 results earlier this week, and today’s action is the analyst response to that same report rather than a new disclosure from the company. The downgrade lands after the print, not alongside it, which shapes how the tape is digesting the news.
Rating Cut and $4.50 Target J.P. Morgan cited sluggish demand in China’s passenger-vehicle market, intensifying price competition, and limited overseas exposure as constraints on Nio’s earnings upside. The firm cut its 2026 and 2027 revenue estimates by 5% and 9%, and its adjusted earnings forecasts by 13% and 52%.
The bank now models an adjusted net loss of 2.34 billion yuan in 2026 and 975 million yuan in 2027, against prior forecasts of a 512 million yuan loss and a 2.52 billion yuan profit. It forecasts 430,000 deliveries in 2026 and 480,000 in 2027, growth of 32% and 12%, and expects China passenger-vehicle demand to be flat to down 5% in 2027.
Among Chinese automakers, the firm said it continues to prefer BYD and Geely on stronger earnings resilience, broader portfolios and greater overseas growth. Xiaomi and Zeekr were named among the rivals crowding the premium segment Nio’s newer models are entering.
Why the Firm Still Praised the Quarter The pivot in the research note is that J.P. Morgan said Nio’s Q2 results came in moderately ahead of its own estimates, and highlighted sustained profitability, resilient vehicle margins and improving free cash flow. Nio’s vehicle gross margin reached 18.5% in the quarter.
The concern centers on cost pressure heading into the second half. Management forecasts another 2,000 to 3,000 yuan per vehicle increase in costs in the second half, mainly from batteries, memory chips and other materials, and J.P. Morgan flagged that a weak pricing environment could make those costs hard to pass on.
That framing matters for how investors size the risk. A rating cut driven by end-market weakness tends to weigh on the whole sector, while a cut driven by company-specific execution problems tends to concentrate the pain in one name. Today’s action shows the market treating this note as a hybrid, punishing Nio hardest but pulling XPeng and Li Auto down modestly alongside it.
How the Chinese EV Peers Held Up XPeng stock and Li Auto stock are both easing today rather than dropping, which fits a downgrade aimed at one name rather than at the whole group. J.P. Morgan grouped XPeng and Li Auto among the rivals crowding the premium segment Nio’s newer models are entering, alongside BYD, Geely, Xiaomi and Zeekr.
Year to date through Tuesday’s close, Nio stock was down 20%, XPeng stock was down 45%, and Li Auto stock was down 30%. That is the tension in the story. The least-damaged of the three names this year is the one drawing the rating cut, on an industry call rather than a company call.
What to Watch The unresolved question for Nio is whether it can hold vehicle margin through the second-half cost increases without cutting price into a flat China market. Vehicle gross margin at 18.5% is the number that has to stand up if the profitability story is going to survive the demand-side headwinds J.P. Morgan flagged.
For investors who own Nio stock, keeping their position sizing modest makes sense while shares digest a downgrade that reset the firm’s multi-year earnings model into loss territory. Watch for management commentary on pricing discipline and any early read on Q3 delivery mix as the ES9 and ES8 continue ramping into the fourth quarter.
Contact [email protected] for any questions or corrections.
NIO Inc. (NYSE:NIO) just made one of the more unexpected comparisons of earnings season—and it came straight from CEO William Li.
Discussing the company’s Firefly brand during the Q2 earnings call, Li said NIO plans to stick with a single-model strategy, refreshing it through special editions and technology upgrades rather than constantly expanding the lineup.
“For Firefly, it’s a bit like taking the iPhone approach, where it will stay the same product but with new additions,” Li said.
A Different Product StrategyThe comparison stands out because China’s EV market has largely been defined by rapid model launches and relentless competition. Instead of chasing a broader portfolio, NIO appears to be betting that continuous refinement of a single product can strengthen brand identity and keep customers engaged over time—an approach long associated with Apple Inc‘s flagship iPhone.
Whether that strategy resonates remains to be seen, but it signals that at least one Chinese EV maker is thinking less about launching more models and more about building a recognizable consumer brand.
Photo: Shutterstock
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Key Takeaways NIO held Q2 vehicle margin at 18.5% and aims to keep it near that level through Q4 despite higher costs.NIO targets Q4 average monthly deliveries above 40,000 after guiding Q3 deliveries to 108,000-111,000.NIO expects positive operating and free cash flow in Q3 and Q4 while keeping 2026 capex at RMB6B-RMB7B. NIO Inc. (NIO - Free Report) used its second-quarter 2026 earnings call to stress margin resilience, cash generation and a higher-volume fourth-quarter target despite rising input costs.
NIO reported a loss of $0.04 per ADS compared with the Zacks Consensus Estimate of a $0.07 loss, a 42.9% surprise. Revenues of $4.7364 billion missed the consensus mark of $4.7806 billion by 0.9%.
NIO Targets Stable Margins Despite Cost PressureChief financial officer Stanley Qu said vehicle margin held at 18.5% in the second quarter as input costs rose about RMB14,000 per vehicle compared with late 2025.
CFO Qu expects material costs to rise another RMB2,000 to RMB3,000 in the second half. Management still aims to keep vehicle gross margin around the second-quarter level in both the third and fourth quarters.
Responding to a UBS analyst, CEO Bin Li said the ES8 and ES9 each carry vehicle margins above 20%, while supply-chain negotiations and product-level cost work remain central to profitability.
NIO Sets a Higher Q4 Volume TargetNIO guided third-quarter deliveries to 108,000 to 111,000 vehicles and revenues to RMB33.285 billion to RMB34.051 billion, representing revenue growth of 52.7% to 56.2% year over year.
During the HSBC Q&A, CEO Li said NIO expects the passenger vehicle market to recover in the fourth quarter and targets average monthly deliveries above 40,000 units.
For the mid and long term, CEO Li said the company is targeting annual volume growth of about 40% to 50%, supported by its products and sales service coverage.
NIO Leans on Flagship SUVs for Mix SupportA Deutsche Bank analyst pressed management on the durability of ES8 and ES9 demand. CEO Li said the ES8 delivered about 10,099 units in August and was on track to pass 150,000 cumulative deliveries in September.
CEO Li added that ES9 buyers face waits of roughly three to four months. About three-quarters of ES9 users are new to the NIO community.
The flagship models also matter to economics. In the UBS exchange, CEO Li identified the ES8 and ES9 as major contributors to product mix and vehicle margin.
NIO Keeps ONVO Focused on Premium FamiliesA Morgan Stanley analyst questioned ONVO's slower order momentum relative to NIO and FIREFLY. CEO Li acknowledged heavier competition in ONVO's segment but said conversion from sales leads to orders was good.
CEO Li identified brand awareness as the bigger constraint. NIO plans to expand Sky stores, deepen targeted offline engagement and add another major ONVO product next year.
CEO Li said ONVO will retain its premium, family-oriented positioning rather than push aggressively into entry-level pricing. The company intends to balance volume with vehicle gross margin.
NIO Preserves Cash While Funding Core PrioritiesCFO Qu said full-year capital spending should remain roughly flat from 2025 at RMB6 billion to RMB7 billion, focused on product development and the sales and service network rather than major factory capacity.
NIO still plans 1,000 new swap stations this year, but CFO Qu said new infrastructure is expected to be funded by Power Up partners. Management also expects positive operating and free cash flow in both the third and fourth quarters.
CFO Qu said non-GAAP R&D spending should run about RMB2.5 billion per quarter. Non-GAAP SG&A is expected at roughly 10% to 11% of second-half revenues after about RMB500 million of launch-related one-time costs in the second quarter.
NIO Frames 2026 Around Disciplined GrowthManagement centered the outlook on sustaining growth without broad price cuts to chase volume. CEO Li and CFO Qu tied execution to premium positioning, product mix and cost optimization.
The company maintained its battery-electric vehicle strategy and continued expanding charging and swapping infrastructure while seeking capital efficiency through partnerships.
The operating framework is to defend margins, preserve positive cash generation and scale deliveries through a broader three-brand portfolio.
Zacks Rank and Style Scores SignalNIO currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Under the Zacks framework, top-ranked stocks paired with favorable Style Scores have stronger near-term performance potential, and NIO has a Growth Score of A, Momentum Score of B and VGM Score of A.
Its Value Score of C is less favorable than its other style readings, while the VGM Score of A reflects a strong combined profile. The Zacks Rank can change as analyst earnings estimates are revised following the newly reported results.
NIO Inc. (NYSE:NIO) CEO William Li, during the second-quarter 2026 earnings call on Tuesday, said that the company plans to maintain a single-model strategy for its Firefly EV brand in 2027 while rolling out special editions and technology upgrades.
An iPhone-like ApproachLi, during the earnings call with investors, was asked about product cycle refreshes for the upcoming year. The CEO said that the NIO brand will introduce new models in the 5 and 6 series vehicles, while ONVO will introduce a “major strategic new product.”
Speaking about Firefly, Li took a different approach. “For the FIREFLY brand, we will keep this single model strategy, but keep rolling out special editions and also technology upgrades,” he said. Li likened the approach to the Apple Inc. (NASDAQ:AAPL) iPhone, “where it will stay in this same product, but with new additions.”
Battery SwappingLi also talked about Nio’s battery swapping stations, which can accommodate all three brands. He said that the cost of each fifth-generation station was approximately RMB 1.4 million (roughly $208,000). “We signed up with several OEMs regarding this power swap alliance, and we still have ongoing communications and also collaborations on some projects,” he said.
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Li pointed towards the popularity of Robotaxis. “We see power swap station and power swap service,” he said, as a “good infrastructure support for the robotaxi business.” Nio was exploring partnerships in the sector, he outlined. As for the revenue structure from the battery swapping stations, Li said that there will be an “admission fee,” but said talks were ongoing.
Nio EarningsThe comments come as NIO reported revenue of RMB 32.14 billion (approximately $4.74 billion). The figure represents a 69.1% YoY growth for the automaker, while also being nearly 26% up from the previous quarter. However, the company missed analysts’ revenue estimates of $4.78 billion.
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NIO’s year-to-date deliveries for the first eight months of the year came in at 262,893 vehicles. For Q2 2026, NIO delivered 107,658 units, which was up nearly 50%.
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Check out more of Benzinga’s Future Of Mobility coverage by following this link.
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NIO Inc. reported Q2 2026 results with strong year-over-year growth but missed both vehicle delivery and revenue guidance. Margins improved significantly versus last year, though sequential declines reflected cost pressures, particularly higher lithium prices. NIO's Q3 guidance disappointed, projecting minimal sequential delivery growth and revenues well below street expectations.
Nio (NIO -4.02%), a Chinese premium EV maker, closed at $4.06, down 4.02%. The stock fell after Q2 revenue missed estimates, and investors are watching delivery guidance and gross margin.
Trading volume reached 77.8 million shares, coming in about 174% above its three-month average of 28.4 million shares. Nio IPO'd in 2018 and has fallen 39% since going public.
How the markets moved todayThe S&P 500 (^GSPC -0.71%) closed at 7,632, down 0.71%, while the Nasdaq Composite (^IXIC -1.03%) closed at 26,100, down 1.03%. Among electric vehicle manufacturing and driver assist technology rivals, Lucid Group (LCID -6.19%) closed at $4.55, down 6.19%, and Rivian Automotive (RIVN -3.27%) closed at $15.54, down 3.27%.
What this means for investorsNio reported revenue soared 69.1% year over year in Q2, and also grew 26% sequentially from the first quarter. Still, it fell short of some expectations, reflecting the strong competition in both China and Europe.
Vehicle margin also slipped versus Q1, raising investor concern that price wars and rising component costs are affecting Nio's path to consistent profitability.
Sales volume continues to grow, though. Nio also reported August deliveries today, with unit volume rising 14.5% year over year. Nio has been gaining sales since it launched its two mass-market sub-brands, Firefly and Onvo.
Nio stock will likely need improving profitability results for a meaningful catalyst, however. The EV maker still reported a small loss from operations in the second quarter that was slightly worse than its first-quarter results.
Howard Smith has positions in Lucid Group, Nio, and Rivian Automotive. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
NIO Inc. (NIO) Q2 2026 Earnings Call September 1, 2026 8:00 AM EDT
Company Participants
Rui Chen - Head of Investor Relations
Bin Li - Co-Founder, Chairman & CEO
Stanley Qu - Chief Financial Officer
Conference Call Participants
Bin Wang - Deutsche Bank AG, Research Division
Tim Hsiao - Morgan Stanley, Research Division
Paul Gong - UBS Investment Bank, Research Division
Y.C. Lai - JPMorgan Chase & Co, Research Division
Ming-Hsun Lee - BofA Securities, Research Division
Jing Chang - China International Capital Corporation Limited, Research Division
Yuqian Ding - HSBC Global Investment Research
Presentation
Operator
Hello, ladies and gentlemen. Thank you for standing by for NIO Inc. Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded.
I will now turn the call over to your host, Mr. Rui Chen, AVP and Head of IR, Corporate Finance and Strategic Investment of the company.
Please go ahead, Rui.
Rui Chen
Head of Investor Relations
Good morning, and good evening, everyone. Welcome to NIO's Second Quarter 2026 Earnings Conference Call. The company's financial and operating results were published in the press release earlier today and are posted on the company's IR website. On today's call, we have Mr. William Li, Founder, Chairman of the Board and Chief Executive Officer; and Ms. Stanley Qu, Chief Financial Officer.
Before we continue, please be kindly reminded that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from views expressed today. Further information regarding risks and uncertainties is included in certain filings of the company with the U.S. Securities and Exchange Commission, the Stock Exchange of Hong Kong Limited and the Singapore Exchange Securities Trading Limited.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
EVs Are Big Winners of the Iran War—Just Not American OnesNIO NYSE: NIO reported second-quarter 2026 vehicle deliveries of 107,658, up 49.4% from a year earlier, as revenue rose 69.1% to RMB32.1 billion and the company narrowed its operating and net losses.
Founder, Chairman and Chief Executive Officer William Li said all three of the company’s brands—NIO, ONVO and Firefly—recorded year-over-year and sequential increases in sales volume and average transaction prices during the quarter. NIO delivered 60,945 vehicles, ONVO delivered 29,124, and Firefly delivered 17,589.
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AI’s Biggest Bottleneck Could Make These 2 Stocks SoarThe company delivered 35,534 vehicles in July and 35,836 in August. NIO forecast third-quarter deliveries of 108,000 to 111,000 units. Management also said it is targeting average monthly deliveries above 40,000 units in the fourth quarter, assuming a recovery in China’s passenger-vehicle market.
Revenue Growth and Improved Margins Chief Financial Officer Stanley Qu said vehicle sales totaled RMB29.1 billion, an 80.1% year-over-year increase, driven by higher deliveries and a more favorable product mix that lifted average selling prices. Other sales increased 7.2% to RMB3.1 billion, supported by parts, accessories and after-sales services, partly offset by lower used-car and technical R&D-service revenue.
MarketBeat Week in Review – 03/09 - 03/13Vehicle margin was 18.5%, compared with 10.3% a year earlier and 18.8% in the first quarter. Overall gross margin was 18.4%, up from 10% in the prior-year quarter but slightly below 19% in the preceding quarter.
Qu said the year-over-year margin improvement reflected the product mix, while the modest sequential decline resulted from margins in vehicle sales, power solutions, and parts and after-sales services.
R&D expense was RMB2.1 billion, down 28.7% year over year but up 13.8% sequentially. SG&A expense was RMB4.4 billion, up 11.6% from a year earlier and 22.5% from the first quarter, reflecting product-launch marketing activity and higher personnel-related costs. Operating loss narrowed 92.9% year over year to RMB300 million. On a non-GAAP basis, adjusted profit from operations was RMB200 million. Net loss was RMB500 million, while adjusted net profit, excluding share-based compensation, was RMB26.1 million. NIO said it generated positive operating cash flow and free cash flow during the quarter. Its cash balance, including cash equivalents, restricted cash, short-term investments and long-term time deposits, rose to RMB56.7 billion.
Cost Pressures and Margin Outlook Management said rising costs for memory chips, batteries and other materials increased average vehicle costs by about RMB14,000 in the second quarter compared with late 2025. Li said NIO expects an additional RMB2,000 to RMB3,000 per-vehicle cost increase in the second half.
Despite those pressures, Li said the company aims to maintain vehicle gross margin in the third and fourth quarters at about the second-quarter level. NIO intends to offset cost inflation through stable pricing, supply-chain optimization, commercial negotiations and value-analysis/value-engineering measures.
Li said the ES8 and ES9 are important to the company’s margin profile, noting that both models generate vehicle margins above 20%, according to management. He also cited strong demand for the flagship SUVs, with certain ES9 variants carrying delivery wait times of more than three months.
For operating expenses, Qu said NIO expects non-GAAP R&D spending to remain around RMB2.5 billion per quarter in 2026, subject to project timing. The company expects non-GAAP SG&A as a percentage of revenue to decline to 10% to 11% in the second half from roughly 13% in the first half. Qu attributed about RMB500 million of second-quarter SG&A to one-time launch-related spending.
Brand, Technology and Network Expansion Li said ONVO faces more intense competition than the NIO and Firefly brands, but management views brand awareness—not product conversion—as its principal challenge. ONVO’s average transaction price exceeded RMB240,000 in the first half, according to Li. The company plans to expand awareness through collaborations, offline events, community engagement and additional shared “Sky” stores serving NIO, ONVO and Firefly customers.
NIO said it plans new products from its NIO 5 and 6 series next year, along with a strategic new ONVO model. Firefly will retain a single-model strategy while introducing special editions and technology upgrades.
The company also highlighted an expanded smart-driving software release on June 18, which it said reached more than 700,000 NIO and ONVO users. Li said Urban NOP+ mileage increased 92.8% among NIO users and 127.8% among ONVO users after the update.
NIO currently offers five years of complimentary smart-driving service for new NIO and ONVO vehicles. For used-car customers, the company charges RMB380 per month, and Li said adoption among that group is near 20%. He said the business currently generates subscription revenue in the tens of millions of RMB annually.
Battery-Swap Investment and Cash Plans NIO had 4,123 battery-swap stations and 30,294 chargers and destination charging points worldwide. Its first fifth-generation station began operation Aug. 7 and can support vehicles from all three brands. Qu said the station itself costs about RMB1.4 million, excluding batteries and high-voltage power infrastructure, or roughly RMB100,000 less than a fourth-generation station.
The company expects full-year capital expenditures of RMB6 billion to RMB7 billion, broadly in line with last year, primarily for vehicle development and sales-and-service network expansion. NIO still plans to build 1,000 swap stations this year, with management saying partner funding is expected to cover the year’s new charging and swapping infrastructure projects.
Qu said NIO expects to sustain positive operating and free cash flow in the third and fourth quarters and believes its cash position can continue to improve in the second half.
About NIO (NYSE:NIO)NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO's vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.
The company's product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.
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NIO Inc (NYSE:NIO) shares fell after the Chinese electric vehicle maker posted second-quarter revenue that missed Wall Street expectations, even as the company narrowed its losses and pointed to improving margins.
Revenue rose 69.1% year-over-year to RMB32.14 billion ($4.74 billion), falling short of the roughly $4.95 billion analysts had expected.
The company's GAAP net loss narrowed sharply to RMB528 million from RMB4.99 billion a year earlier, and Nio reported an adjusted profit for the quarter. Vehicle margin improved to 18.5% from 10.3% a year prior, while overall gross margin expanded to 18.4%.
Vehicle deliveries climbed 49.4% year-over-year to 107,658 units.
For the third quarter, Nio said it expects deliveries of between 108,000 and 111,000 vehicles, a 24% to 27.5% increase from a year earlier. The company projected revenue of RMB33.29 billion to RMB34.05 billion ($4.9 billion to $5 billion), up 52.7% to 56.2% year-over-year but slightly below initial Wall Street projections.
Management flagged rising component costs, including for batteries and memory chips, that are expected to add RMB2,000 to RMB3,000 per vehicle in the second half of the year.
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The EV maker fell short of Wall Street's revenue target, but margins improved sharply and adjusted earnings beat expectations. Summary
Revenue rose 69.1% to $4.74 billionAdjusted EPS beat with a $0.04 profit
NIO Inc. (NIO, Financials) fell in premarket trading after the Chinese electric-vehicle maker missed Wall Street estimates with its second-quarter sales.
Revenue grew 69.1% from the previous year to RMB32.14 billion, or about $4.74 billion, but fell short of the average projection of about $4.95 billion. The profitability outlook seemed considerably more robust.
Adjusted earnings were RMB0.29, or around $0.04 per American depositary share, against forecasts for a $0.05 loss.
Gross profit rose 211.3% to RMB5.91 billion, with gross margin expanding to 18.4% from 10% a year prior. Vehicle margin rises to 18.5% from 10.3%.
NIO also dramatically decreased its GAAP net loss to RMB528 million from RMB4.99 billion in the same period last year.
Deliveries were up 49.4% year over year to 107,658 vehicles in the quarter, while vehicle sales were up 80.1%.
NIO's third quarter delivery guidance is 108,000 to 111,000 units. Revenue guidance midpoint is RMB33.67 billion, representing growth of around 54.5%.
The big question for investors is whether NIO can continue to boost profits quickly enough to make up for slower-than-expected top-line growth.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Čínská automobilka NIO zveřejnila výsledky hospodaření za druhý kvartál roku 2026. Tržby zaznamenaly meziroční růst o 69,1 % na 32,14 mld. CNY (4,74 mld. USD), zůstaly ale pod odhady trhu. Společnost se sice udržela v očištěném zisku, výhled na třetí kvartál nicméně zaostal za konsensem jak u tržeb, tak u dodávek.
Výsledky společnosti NIO (NIO) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Tržby (mld. CNY) 32,14 33,36 19,01 Čistý zisk (mld. CNY) -0,53 -- -4,99 Očištěný zisk na depozitní certifikát*(EPS, CNY/certifikát) 0,01 -0,22 -1,85 *jeden americký depozitní certifikát odpovídá 1 akcii.
Výsledky Celkové tržby společnosti ve 2Q zaznamenaly meziroční růst o 69,1 % na 32,14 mld. CNY (4,74 mld. USD). Konsensus přitom počítal s 33,36 mld. CNY.
Tržby z prodeje vozů vzrostly meziročně o 80,1 % na 29,06 mld. CNY (4,28 mld. USD) při konsensu 29,83 mld. CNY. Ostatní tržby vzrostly meziročně o 7,2 % na 3,08 mld. CNY (453,7 mil. USD).
Hrubý zisk meziročně vzrostl o 211,3 % na 5,91 mld. CNY (870,5 mil. USD). Hrubá marže byla meziročně o 8,4 p. b. vyšší, když dosáhla 18,4 %. Očekávalo se 17,7 %.
Marže u vozidel dosáhla 18,5 % při očekávání 17,6 %. Tato marže vzrostla meziročně o 8,2 p. b.
Provozní ztráta činila 347,2 mil. CNY (51,2 mil. USD) v porovnání s provozní ztrátou 4,91 mld. CNY ve 2Q 2025. Očištěný provozní zisk dosáhl 206,9 mil. CNY (30,5 mil. USD) oproti očištěné provozní ztrátě 4,04 mld. CNY před rokem.
Náklady na výzkum a vývoj klesly meziročně o 28,7 % na 2,14 mld. CNY (316,1 mil. USD) při konsensu 2,37 mld. CNY.
Společnost ve druhém kvartále dodala 107 658 vozů, tedy o 49,4 % meziročně více. Trh přitom čekal 111 501 vozů. Z toho připadlo 60 945 vozů na značku NIO, 29 124 na ONVO a 17 589 na FIREFLY.
Hotovost a peněžní ekvivalenty, vázaná hotovost, krátkodobé investice a dlouhodobé termínované vklady činily k 30. červnu 2026 celkem 56,7 mld. CNY (8,4 mld. USD).
Výhled NIO ve třetím kvartále roku 2026 očekává:
Tržby v rozmezí 33,285 až 34,051 mld. CNY (4,906 až 5,019 mld. USD), což by znamenalo meziroční růst o 52,7 % až 56,2 %. Wall Street očekávala 35,58 mld. CNY. Dodávky 108 až 111 tis. vozů, tedy meziroční nárůst o 24,0 % až 27,5 %. Trh projektoval 123 449 vozů. Komentář vedení „Ve druhém kvartále roku 2026 společnost dodala 107 658 chytrých elektromobilů, což představuje meziroční nárůst o 49,4 %. Všechny tři značky — NIO, ONVO a FIREFLY — dosáhly růstu jak v objemu prodejů, tak v průměrné transakční ceně. Ve třetím kvartále očekáváme celkové dodávky v rozmezí 108 000 až 111 000 vozů, což by znamenalo meziroční nárůst o 24,0 % až 27,5 %," uvedl zakladatel, předseda představenstva a generální ředitel William Bin Li.
„Ve druhém kvartále roku 2026 společnost dále zlepšila celkovou kvalitu svého provozu. Díky silným prodejům modelů s vyšší marží a pokračující optimalizaci nákladové struktury se nám i přes rostoucí nákladové tlaky podařilo udržet zdravou hrubou marži i marži u vozidel. K ziskovosti nadále přispívaly služby a byznys spojený s komunitou. Společnost si v kvartále udržela kladný očištěný provozní zisk, dále navýšila hotovostní rezervy a posílila svou finanční pozici na podporu dlouhodobého a udržitelného rozvoje," uvedl finanční ředitel Stanley Yu Qu. „Díky našim solidním a komplexním systematickým schopnostem a jasné obchodní strategii jsme přesvědčeni, že naplníme své celoroční provozní cíle a doručíme kvalitní růst."
Akcie NIO Americké depozitní certifikáty (ADR) společnosti NIO obchodované na burze NYSE v předburzovní fázi obchodování oslabují o 2,84 % na 4,11 USD.
NIO (NIO) před výsledky na 4,23 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 10,6 P/E -- Vývoj za letošní rok (%) -17,1 Očekávané P/E -- 52týdenní minimum (USD) 4,2 Prům. cílová cena (USD) 7,0 52týdenní maximum (USD) 8,0 Dividendový výnos (%) -- Zdroj: NIO, Bloomberg
Quarterly Total Revenues Reached RMB32,136.9 Million (US$4,736.4 Million)i
Quarterly Vehicle Deliveries Were 107,658 Units
SHANGHAI, Sept. 01, 2026 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its unaudited financial results for the second quarter ended June 30, 2026.
Operating Highlights for the Second Quarter of 2026
Vehicle deliveries were 107,658 in the second quarter of 2026, representing an increase of 49.4% from the second quarter of 2025, and an increase of 29.0% from the first quarter of 2026. The deliveries consisted of 60,945 vehicles from NIO brand, 29,124 vehicles from ONVO brand, and 17,589 vehicles from FIREFLY brand. Key Operating Results
2026 Q22026 Q12025 Q42025 Q3Deliveries107,65883,465124,80787,071 2025 Q22025 Q12024 Q42024 Q3Deliveries72,05642,09472,68961,855 Financial Highlights for the Second Quarter of 2026
Vehicle sales were RMB29,058.2 million (US$4,282.7 million) in the second quarter of 2026, representing an increase of 80.1% from the second quarter of 2025 and an increase of 27.5% from the first quarter of 2026.Vehicle marginii was 18.5% in the second quarter of 2026, compared with 10.3% in the second quarter of 2025 and 18.8% in the first quarter of 2026.Total revenues were RMB32,136.9 million (US$4,736.4 million) in the second quarter of 2026, representing an increase of 69.1% from the second quarter of 2025 and an increase of 25.9% from the first quarter of 2026.Gross profit was RMB5,906.5 million (US$870.5 million) in the second quarter of 2026, representing an increase of 211.3% from the second quarter of 2025 and an increase of 21.6% from the first quarter of 2026.Gross margin was 18.4% in the second quarter of 2026, compared with 10.0% in the second quarter of 2025 and 19.0% in the first quarter of 2026.Loss from operations was RMB347.2 million (US$51.2 million) in the second quarter of 2026, compared with loss from operations of RMB4,908.9 million in the second quarter of 2025 and loss from operations of RMB308.8 million in the first quarter of 2026. Excluding share-based compensation expenses, adjusted profit from operations (non-GAAP) was RMB206.9 million (US$30.5 million) in the second quarter of 2026, compared with adjusted loss from operations (non-GAAP) of RMB4,040.8 million in the second quarter of 2025 and adjusted profit from operations (non-GAAP) of RMB66.8 million in the first quarter of 2026.Net loss was RMB528.0 million (US$77.8 million) in the second quarter of 2026, compared with net loss of RMB4,994.8 million in the second quarter of 2025 and net loss of RMB332.1 million in the first quarter of 2026. Excluding share-based compensation expenses, adjusted net profit (non-GAAP) was RMB26.1 million (US$3.8 million) in the second quarter of 2026, compared with adjusted net loss (non-GAAP) of RMB4,126.7 million in the second quarter of 2025 and adjusted net profit (non-GAAP) of RMB43.5 million in the first quarter of 2026.Cash and cash equivalents, restricted cash, short-term investment and long-term time deposits were RMB56.7 billion (US$8.4 billion) as of June 30, 2026. Key Financial Results for the Second Quarter of 2026(in RMB million, except for percentage) 2026Q22026 Q1 2025 Q2 % Changeiii QoQYoYVehicle Sales 29,058.2 22,783.7 16,136.1 27.5% 80.1% Vehicle Margin 18.5% 18.8% 10.3% -30bp 820bp Total Revenues 32,136.9 25,532.7 19,008.7 25.9% 69.1% Gross Profit 5,906.5 4,859.1 1,897.5 21.6% 211.3% Gross Margin 18.4% 19.0% 10.0% -60bp 840bp Loss from Operations (347.2) (308.8) (4,908.9) 12.4% -92.9% Adjusted Profit/(Loss) from Operations (non-GAAP)206.9 66.8 (4,040.8) 209.7% N/A Net Loss (528.0) (332.1) (4,994.8) 59.0% -89.4% Adjusted Net Profit/(Loss) (non-GAAP)26.1 43.5 (4,126.7) -40.0% N/A Recent Developments
Deliveries in July and August 2026
The Company delivered 35,934 vehicles and 35,836 vehicles in July and August 2026, respectively. As of August 31, 2026, the Company had delivered 262,893 vehicles in 2026, with cumulative deliveries reaching 1,260,485. Debut of NIO All-New ES8 Five-Seat Version
On July 9, 2026, the Company officially launched the NIO All-New ES8 Five-Seat Version, with deliveries commencing the following day. Featuring exceptional spaciousness, elevated comfort, and advanced intelligent technologies, the ES8 Five-Seat Version sets a new benchmark for the premium battery electric SUV segment. The enhanced lineup strengthens NIO's presence across the premium large five-seat and premium three-row SUV segments, further reinforcing its leadership in the premium SUV market. Financing of Shenji
In June and August 2026, GeniTech Co., Ltd. (“Shenji”), a subsidiary of the Company, entered into definitive agreements across two funding rounds with certain investors in China. Pursuant to these agreements, the investors agreed to subscribe for newly issued shares of Shenji for an aggregate cash consideration of RMB493 million, implying a post-money valuation of RMB12.25 billion. Upon completion of the financing transactions, a subsidiary of NIO will hold a controlling equity interest of 59.95% in Shenji. CEO and CFO Comments
“In the second quarter of 2026, the Company delivered 107,658 smart electric vehicles, representing a 49.4% year-over-year increase. All three brands, NIO, ONVO, and FIREFLY, achieved growth in both sales volume and average transaction price. For the third quarter, we expect total deliveries to range between 108,000 and 111,000 vehicles, with a year-over-year growth of 24.0% to 27.5%,” said William Bin Li, founder, chairman, and chief executive officer of NIO.
“In the second quarter, the NIO brand ranked first in China’s passenger vehicle market priced above RMB 350,000. The ES8 has sustained strong market momentum since its launch and reached its 140,000th delivery within 335 days, leading China’s RMB 400,000-level passenger vehicle segment and the large SUV segment. The ES9, our executive flagship SUV, continues to win over users from traditional fuel-powered luxury SUVs, ranking first in sales among passenger vehicles priced above RMB 500,000 in China in both June and July. With the compelling product advantages of the ONVO L90 and L80, the ONVO brand has become the sales leader in China’s RMB 200,000 to RMB 300,000 large SUV segment. Meanwhile, the firefly has ranked first in market share in China’s high-end small-car market for 15 consecutive months, further strengthening its leadership in the segment,” added William Bin Li.
“In the second quarter of 2026, the Company continued to improve its overall operating quality. Supported by strong sales of higher-margin models and ongoing optimization of our cost structure, we maintained healthy gross and vehicle margins despite rising cost pressures. Services and community-related businesses continued to contribute to profitability. The Company maintained positive non-GAAP operating profit during the quarter, further increasing our cash reserves and strengthening our financial position to support long-term, sustainable development,” said Stanley Yu Qu, NIO’s chief financial officer. “With our solid, comprehensive systematic capabilities and clear business strategies, we are confident in achieving our full-year operating objectives and delivering high-quality growth.”
Financial Results for the Second Quarter of 2026
Revenues
Total revenues in the second quarter of 2026 were RMB32,136.9 million (US$4,736.4 million), representing an increase of 69.1% from the second quarter of 2025 and an increase of 25.9% from the first quarter of 2026.Vehicle sales in the second quarter of 2026 were RMB29,058.2 million (US$4,282.7 million), representing an increase of 80.1% from the second quarter of 2025 and an increase of 27.5% from the first quarter of 2026. The increase in vehicle sales over the second quarter of 2025 was mainly due to an increase in delivery volume and a higher average selling price as a result of changes in product mix. The increase in vehicle sales over the first quarter of 2026 was mainly attributable to an increase in delivery volume.Other sales in the second quarter of 2026 were RMB3,078.6 million (US$453.7 million), representing an increase of 7.2% from the second quarter of 2025 and an increase of 12.0% from the first quarter of 2026. The increase in other sales over the second quarter of 2025 was mainly due to an increase in sales of parts, accessories and after-sales vehicle services as a result of the continued growth in the number of users, and partially offset by a decrease in revenues from sales of used cars and technical research and development services. The increase in other sales over the first quarter of 2026 was mainly due to (i) an increase in revenues from sales of used cars and (ii) an increase in sales of parts, accessories and after-sales vehicle services, partially offset by a decrease in revenues from provision of auto financing services. Cost of Sales and Gross Margin
Cost of sales in the second quarter of 2026 was RMB26,230.4 million (US$3,865.9 million), representing an increase of 53.3% from the second quarter of 2025 and an increase of 26.9% from the first quarter of 2026. The increase in cost of sales over the second quarter of 2025 and the first quarter of 2026 was mainly attributable to an increase in delivery volume.Gross profit in the second quarter of 2026 was RMB5,906.5 million (US$870.5 million), representing an increase of 211.3% from the second quarter of 2025 and an increase of 21.6% from the first quarter of 2026.Gross margin in the second quarter of 2026 was 18.4%, compared with 10.0% in the second quarter of 2025 and 19.0% in the first quarter of 2026. The increase in gross margin over the second quarter of 2025 was mainly attributable to the increased vehicle margin. The slight decrease in gross margin over the first quarter of 2026 was mainly attributable to gross margin from vehicle sales, provision of power solutions, and sales of parts, accessories and after-sales vehicle services.Vehicle margin in the second quarter of 2026 was 18.5%, compared with 10.3% in the second quarter of 2025 and 18.8% in the first quarter of 2026. The increase in vehicle margin from the second quarter of 2025 was mainly attributable to a more favorable product mix. The vehicle margin remained relatively stable from the first quarter of 2026. Operating Expenses
Research and development expenses in the second quarter of 2026 were RMB2,144.9 million (US$316.1 million), representing a decrease of 28.7% from the second quarter of 2025 and an increase of 13.8% from the first quarter of 2026. Excluding share-based compensation expenses, adjusted research and development expenses (non-GAAP) were RMB1,983.2 million (US$292.3 million) in the second quarter of 2026, representing a decrease of 20.3% from the second quarter of 2025 and an increase of 16.1% from the first quarter of 2026. The decrease in research and development expenses over the second quarter of 2025 was mainly due to (i) decreased personnel costs in research and development functions primarily as a result of organizational optimization, and (ii) decreased design and development costs mainly resulting from different stages of development and improved operational efficiency. The increase in research and development expenses over the first quarter of 2026 was mainly due to the incremental design and development costs for new products and technologies as well as the increased personnel costs in research and development functions. Selling, general and administrative expenses in the second quarter of 2026 were RMB4,424.5 million (US$652.1 million), representing an increase of 11.6% from the second quarter of 2025 and an increase of 26.5% from the first quarter of 2026. Excluding share-based compensation expenses, adjusted selling, general and administrative expenses (non-GAAP) were RMB4,039.6 million (US$595.4 million) in the second quarter of 2026, representing an increase of 9.7% from the second quarter of 2025 and an increase of 22.1% from the first quarter of 2026. The increase in selling, general and administrative expenses over the second quarter of 2025 was mainly attributable to an increase in sales and marketing activities associated with new product launches. The increase in selling, general and administrative expenses over the first quarter of 2026 was mainly attributable to (i) an increase in sales and marketing activities associated with new product launches, as well as an increase in personnel and related costs for marketing functions, and (ii) an increase in share-based compensation for general corporate functions. Loss from Operations
Loss from operations in the second quarter of 2026 was RMB347.2 million (US$51.2 million), compared with loss from operations of RMB4,908.9 million in the second quarter of 2025 and loss from operations of RMB308.8 million in the first quarter of 2026. Excluding share-based compensation expenses, adjusted profit from operations (non-GAAP) was RMB206.9 million (US$30.5 million) in the second quarter of 2026, compared with adjusted loss from operations (non-GAAP) of RMB4,040.8 million in the second quarter of 2025 and adjusted profit from operations (non-GAAP) of RMB66.8 million in the first quarter of 2026. Net Loss and Earnings Per Ordinary Share/ADS
Net loss in the second quarter of 2026 was RMB528.0 million (US$77.8 million), compared with net loss of RMB4,994.8 million in the second quarter of 2025 and net loss of RMB332.1 million in the first quarter of 2026. Excluding share-based compensation expenses, adjusted net profit (non-GAAP) was RMB26.1 million (US$3.8 million) in the second quarter of 2026, compared with adjusted net loss (non-GAAP) of RMB4,126.7 million in the second quarter of 2025 and adjusted net profit (non-GAAP) of RMB43.5 million in the first quarter of 2026.Net loss attributable to NIO’s ordinary shareholders in the second quarter of 2026 was RMB721.6 million (US$106.4 million), compared with net loss attributable to NIO’s ordinary shareholders of RMB5,141.3 million in the second quarter of 2025 and net loss attributable to NIO’s ordinary shareholders of RMB496.0 million in the first quarter of 2026. Excluding share-based compensation expenses and accretion on redeemable non-controlling interests to redemption value, adjusted net profit attributable to NIO’s ordinary shareholders (non-GAAP) was RMB24.8 million (US$3.7 million) in the second quarter of 2026, compared with adjusted net loss attributable to NIO’s ordinary shareholders (non-GAAP) of RMB4,124.9 million in the second quarter of 2025 and adjusted net profit attributable to NIO’s ordinary shareholders (non-GAAP) of RMB44.5 million in the first quarter of 2026.Basic and diluted net loss per ordinary share/ADS in the second quarter of 2026 were both RMB0.29 (US$0.04), compared with basic and diluted net loss per ordinary share/ADS of RMB2.31 in the second quarter of 2025 and basic and diluted net loss per ordinary share/ADS of RMB0.20 in the first quarter of 2026. Excluding share-based compensation expenses and accretion on redeemable non-controlling interests to redemption value, adjusted basic and diluted net profit per ordinary share/ADS (non-GAAP) were both RMB0.01(US$0.00) in the second quarter of 2026, compared with adjusted basic and diluted net loss per ordinary share/ADS (non-GAAP) of RMB1.85 in the second quarter of 2025 and adjusted basic and diluted net profit per ordinary share/ADS (non-GAAP) of RMB0.02 in the first quarter of 2026. Balance Sheet
Balance of cash and cash equivalents, restricted cash, short-term investment and long-term time deposits was RMB56.7 billion (US$8.4 billion) as of June 30, 2026. We recorded net current assets as of June 30, 2026 and generated positive operating cash flows and adjusted net profit (non-GAAP) in the second quarter of 2026, despite recording a net loss under GAAP in this quarter. Based on our going concern and liquidity assessment, which considers our business plan including revenue growth from the sales of existing and new vehicle models, continuous optimization of operation efficiency to improve operating cash flows, working capital management, the ability to raise funds from banks under available credit quotas and other sources when needed, and evaluates uncertainties as to the successful execution of our business plan, we believe that our financial resources, including our available cash and cash equivalents, restricted cash and short-term investments, cash generated from operating activities and funds from available credit quotas and other sources will be sufficient to support our continuous operations in the ordinary course of business for the next twelve months. Business Outlook
For the third quarter of 2026, the Company expects:
Deliveries of vehicles to be between 108,000 and 111,000 vehicles, representing an increase of approximately 24.0% to 27.5% from the same quarter of 2025.Total revenues to be between RMB33,285 million (US$4,906 million) and RMB34,051 million (US$5,019 million), representing an increase of approximately 52.7% to 56.2% from the same quarter of 2025. This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.
Conference Call
The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 1, 2026 (8:00 PM Beijing/Hong Kong/Singapore Time on September 1, 2026).
A live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.nio.com/news-events/events.
For participants who wish to join the conference using dial-in numbers, please register in advance using the link provided below and dial in 10 minutes prior to the call. Dial-in numbers, passcode and unique access PIN would be provided upon registering.
A replay of the conference call will be accessible by phone at the following numbers, until September 8, 2026:
United States:+1-855-883-1031Hong Kong, China:+852-800-930-639Mainland, China:+86-400-1209-216Singapore:+65-800-1013-223International:+61-7-3107-6325Replay PIN:10056744 About NIO Inc.
NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, premium smart electric vehicles for families through the ONVO brand, and high-end smart electric compact cars with the FIREFLY brand.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Non-GAAP Disclosure
The Company uses non-GAAP measures, such as adjusted cost of sales (non-GAAP), adjusted research and development expenses (non-GAAP), adjusted selling, general and administrative expenses (non-GAAP), adjusted profit/(loss) from operations (non-GAAP), adjusted net profit/(loss) (non-GAAP), adjusted net profit/(loss) attributable to ordinary shareholders (non-GAAP) and adjusted basic and diluted net profit/(loss) per ordinary share/ADS (non-GAAP), in evaluating its operating results and for financial and operational decision-making purposes. The Company defines adjusted cost of sales (non-GAAP), adjusted research and development expenses (non-GAAP), adjusted selling, general and administrative expenses (non-GAAP) and adjusted profit/(loss) from operations (non-GAAP) and adjusted net profit/(loss) (non-GAAP) as cost of sales, research and development expenses, selling, general and administrative expenses, profit/(loss) from operations and net profit/(loss) excluding share-based compensation expenses and organizational optimization charges. The Company defines adjusted net profit/(loss) attributable to ordinary shareholders (non-GAAP) and adjusted basic and diluted profit/(loss) per ordinary share/ADS (non-GAAP) as profit/(loss) attributable to ordinary shareholders and basic and diluted profit/(loss) per ordinary share/ADS excluding share-based compensation expenses, organizational optimization charges and accretion on redeemable non-controlling interests to redemption value. By excluding the impact of share-based compensation expenses, organizational optimization charges and accretion on redeemable non-controlling interests to redemption value, which are either non-cash or not indicative of the Company’s ordinary or ongoing operations due to their size or nature, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.
The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for net profit/(loss) or other consolidated statements of comprehensive profit/(loss) data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.
The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.
For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this press release.
Exchange Rate
This announcement contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from Renminbi to U.S. dollars were made at the rate of RMB6.7851 to US$1.00, the noon buying rate in effect on June 30, 2026 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollars amounts referred could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.
For more information, please visit: http://ir.nio.com.
NIO INC.
Unaudited Condensed Consolidated Balance Sheets(All amounts in thousands)
As of December 31, 2025 June 30, 2026 June 30, 2026 RMB RMB US$ ASSETS Current assets: Cash and cash equivalents 11,274,094 17,453,564 2,572,337 Restricted cash 14,745,975 13,510,507 1,991,202 Short-term investments 19,755,809 25,634,741 3,778,093 Trade and notes receivables 1,394,445 1,196,734 176,377 Amounts due from related parties 16,078,250 14,986,044 2,208,670 Inventory 8,530,854 11,089,742 1,634,426 Prepayments and other current assets 4,853,610 5,378,445 792,685 Total current assets 76,633,037 89,249,777 13,153,790 Non-current assets: Long-term restricted cash 88,325 68,625 10,114 Property, plant and equipment, net 25,827,968 25,251,240 3,721,572 Intangible assets, net29,648 173,212 25,528 Land use rights, net 196,691 194,039 28,598 Long-term investments 2,480,518 2,340,908 345,007 Right-of-use assets - operating lease 11,711,306 10,957,091 1,614,875 Other non-current assets 7,433,585 7,976,448 1,175,584 Total non-current assets 47,768,041 46,961,563 6,921,278 Total assets 124,401,078 136,211,340 20,075,068 LIABILITIES Current liabilities: Short-term borrowings 4,691,910 8,164,766 1,203,338 Trade and notes payable 53,309,727 60,385,478 8,899,718 Amounts due to related parties, current 625,903 502,353 74,038 Taxes payable 439,240 334,595 49,313 Current portion of operating lease liabilities 2,163,768 1,961,855 289,142 Current portion of long-term borrowings 655,971 897,712 132,306 Accruals and other liabilities 16,696,044 15,371,799 2,265,523 Total current liabilities 78,582,563 87,618,558 12,913,378 Non-current liabilities: Long-term borrowings 8,626,272 8,550,926 1,260,251 Non-current operating lease liabilities 10,092,039 9,420,681 1,388,437 Amounts due to related parties, non-current 604,178 1,190,070 175,395 Deferred tax liabilities 112,691 133,011 19,603 Other non-current liabilities 13,690,778 15,029,869 2,215,128 Total non-current liabilities 33,125,958 34,324,557 5,058,814 Total liabilities 111,708,521 121,943,115 17,972,192 NIO INC.
Unaudited Condensed Consolidated Balance Sheets(All amounts in thousands) As of December 31, 2025 June 30, 2026 June 30, 2026 RMB RMB US$MEZZANINE EQUITY Redeemable non-controlling interests 8,551,854 10,222,746 1,506,646 Total mezzanine equity 8,551,854 10,222,746 1,506,646 SHAREHOLDERS’ EQUITY Total NIO Inc. shareholders’ equity 4,159,460 4,064,040 598,966 Non-controlling interests (18,757) (18,561) (2,736)Total shareholders’ equity 4,140,703 4,045,479 596,230 Total liabilities, mezzanine equity and shareholders’ equity 124,401,078 136,211,340 20,075,068 NIO INC.
Unaudited Condensed Consolidated Statements of Comprehensive Loss(All amounts in thousands, except for share and per share/ADS data)
Three Months Ended June 30, 2025 Mar 31, 2026 June 30, 2026 June 30, 2026 RMB RMB RMB US$Revenues: Vehicle sales 16,136,114 22,783,708 29,058,229 4,282,653 Other sales 2,872,551 2,748,947 3,078,632 453,734 Total revenues 19,008,665 25,532,655 32,136,861 4,736,387 Cost of sales: Vehicle sales (14,473,222) (18,491,467) (23,673,959) (3,489,110)Other sales (2,637,920) (2,182,051) (2,556,412) (376,769)Total cost of sales (17,111,142) (20,673,518) (26,230,371) (3,865,879)Gross profit 1,897,523 4,859,137 5,906,490 870,508 Operating expenses: Research and development (3,007,032) (1,885,024) (2,144,918) (316,122)Selling, general and administrative (3,964,921) (3,497,306) (4,424,516) (652,093)Other operating income, net 165,572 214,382 315,725 46,532 Total operating expenses (6,806,381) (5,167,948) (6,253,709) (921,683)Loss from operations (4,908,858) (308,811) (347,219) (51,175)Interest and investment income /(loss) 107,529 115,894 (18,959) (2,794)Interest expenses (212,748) (214,405) (242,389) (35,724)Share of losses of equity investees (124,664) (37,908) (149,383) (22,016)Other income, net 186,879 125,266 262,774 38,728 Loss before income tax expense (4,951,862) (319,964) (495,176) (72,981)Income tax expense (42,939) (12,118) (32,833) (4,839)Net loss (4,994,801) (332,082) (528,009) (77,820)Accretion on redeemable non-controlling interests to redemption value (148,374) (164,987) (192,325) (28,345)Net loss/(profit) attributable to non-controlling interests 1,868 1,061 (1,257) (185)Net loss attributable to ordinary shareholders of NIO Inc. (5,141,307) (496,008) (721,591) (106,350)Net loss (4,994,801) (332,082) (528,009) (77,820)Other comprehensive income/(loss) Foreign currency translation adjustment, net of nil tax 184,568 (148,948) (120,909) (17,820)Total other comprehensive income/(loss) 184,568 (148,948) (120,909) (17,820)Total comprehensive loss (4,810,233) (481,030) (648,918) (95,640)Accretion on redeemable non-controlling interests to redemption value (148,374) (164,987) (192,325) (28,345)Net loss/(profit) attributable to non-controlling interests 1,868 1,061 (1,257) (185)Comprehensive loss attributable to ordinary shareholders of NIO Inc. (4,956,739) (644,956) (842,500) (124,170)Weighted average number of ordinary shares/ADSs used in computing net loss per share/ADS Basic and diluted 2,230,044,617 2,481,180,303 2,496,741,061 2,496,741,061 Net loss per share/ADS attributable to ordinary shareholders Basic and diluted (2.31) (0.20) (0.29) (0.04) NIO INC.
Unaudited Condensed Consolidated Statements of Comprehensive Loss(All amounts in thousands, except for share and per share/ADS data)
Six Months Ended June 30, 2025 June 30, 2026 June 30, 2026 RMB RMB US$Revenues: Vehicle sales 26,075,419 51,841,937 7,640,556 Other sales 4,967,975 5,827,579 858,879 Total revenues 31,043,394 57,669,516 8,499,435 Cost of sales: Vehicle sales (23,398,863) (42,165,426) (6,214,415)Other sales (4,827,454) (4,738,463) (698,363)Total cost of sales (28,226,317) (46,903,889) (6,912,778)Gross profit 2,817,077 10,765,627 1,586,657 Operating expenses: Research and development (6,188,435) (4,029,942) (593,940)Selling, general and administrative (8,365,684) (7,921,822) (1,167,532)Other operating income, net 410,056 530,107 78,128 Total operating expenses (14,144,063) (11,421,657) (1,683,344)Loss from operations (11,326,986) (656,030) (96,687)Interest and investment income 280,745 96,935 14,286 Interest expenses (457,610) (456,794) (67,323)Loss on extinguishment of debt (14,660) - - Share of losses of equity investees (380,859) (187,291) (27,603)Other income, net 202,106 388,040 57,190 Loss before income tax expense (11,697,264) (815,140) (120,137)Income tax expense (47,570) (44,951) (6,625)Net loss (11,744,834) (860,091) (126,762)Accretion on redeemable non-controlling interests to redemption value (292,864) (357,312) (52,661)Net loss/(profit) attributable to non-controlling interests 5,330 (196) (29)Net loss attributable to ordinary shareholders of NIO Inc. (12,032,368) (1,217,599) (179,452)Net loss (11,744,834) (860,091) (126,762)Other comprehensive income/(loss) Foreign currency translation adjustment, net of nil tax 260,479 (269,857) (39,772)Total other comprehensive income/(loss) 260,479 (269,857) (39,772)Total comprehensive loss (11,484,355) (1,129,948) (166,534)Accretion on redeemable non-controlling interests to redemption value (292,864) (357,312) (52,661)Net loss/(profit) attributable to non-controlling interests 5,330 (196) (29)Comprehensive loss attributable to ordinary shareholders of NIO Inc. (11,771,889) (1,487,456) (219,224)Weighted average number of ordinary shares/ADSs used in computing net loss per share/ADS Basic and diluted 2,162,319,854 2,489,003,668 2,489,003,668 Net loss per share/ADS attributable to ordinary shareholders Basic and diluted (5.56) (0.49) (0.07) NIO INC.
Unaudited Reconciliation of GAAP and Non-GAAP Results(All amounts in thousands, except for share and per share/ADS data)
Three Months Ended June 30, 2026 GAAP
Result Share-based compensation Accretion on redeemable non-controlling interests to redemption value Adjusted
Result
(Non-GAAP) RMB RMB RMB RMB Cost of sales (26,230,371) 7,487 — (26,222,884)Research and development expenses (2,144,918) 161,705 — (1,983,213)Selling, general and administrative expenses (4,424,516) 384,881 — (4,039,635)Total (32,799,805) 554,073 — (32,245,732)(Loss)/profit from operations (347,219) 554,073 — 206,854 Net (loss)/profit (528,009) 554,073 — 26,064 Net (loss)/profit attributable to ordinary shareholders of NIO Inc. (721,591) 554,073 192,325 24,807 Net (loss)/profit per share/ADS attributable to ordinary shareholders, basic and diluted (RMB) (0.29) 0.22 0.08 0.01 Net (loss)/profit per share/ADS attributable to ordinary shareholders, basic and diluted (USD) (0.04) 0.03 0.01 0.00 Three Months Ended March 31, 2026 GAAP
Result Share-based compensation Accretion on redeemable non-controlling interests to redemption value Adjusted
Result
(Non-GAAP) RMB RMB RMB RMB Cost of sales (20,673,518) 10,097 — (20,663,421)Research and development expenses (1,885,024) 176,844 — (1,708,180)Selling, general and administrative expenses (3,497,306) 188,629 — (3,308,677)Total (26,055,848) 375,570 — (25,680,278)(Loss)/profit from operations (308,811) 375,570 — 66,759 Net (loss)/profit (332,082) 375,570 — 43,488 Net (loss)/profit attributable to ordinary shareholders of NIO Inc. (496,008) 375,570 164,987 44,549 Net (loss)/profit per share/ADS attributable to ordinary shareholders, basic and diluted (RMB) (0.20) 0.15 0.07 0.02 Three Months Ended June 30, 2025 GAAP
Result Share-based compensation Organizational optimization charges Accretion on redeemable non-controlling interests to redemption value Adjusted
Result
(Non-GAAP) RMB RMB RMB RMB RMB Cost of sales (17,111,142) 12,867 54,282 — (17,043,993)Research and development expenses (3,007,032) 302,620 215,532 — (2,488,880)Selling, general and administrative expenses (3,964,921) 110,688 172,074 — (3,682,159)Total (24,083,095) 426,175 441,888 — (23,215,032)Loss from operations (4,908,858) 426,175 441,888 — (4,040,795)Net loss (4,994,801) 426,175 441,888 — (4,126,738)Net loss attributable to ordinary shareholders of NIO Inc. (5,141,307) 426,175 441,888 148,374 (4,124,870)Net loss per share/ADS attributable to ordinary shareholders, basic and diluted (RMB) (2.31) 0.19 0.20 0.07 (1.85) Six Months Ended June 30, 2026 GAAP
Result Share-based compensation Accretion on redeemable non-controlling interests to redemption value Adjusted
Result
(Non-GAAP) RMB RMB RMB RMB Cost of sales (46,903,889) 17,584 — (46,886,305)Research and development expenses (4,029,942) 338,549 — (3,691,393)Selling, general and administrative expenses (7,921,822) 573,510 — (7,348,312)Total (58,855,653) 929,643 — (57,926,010)(Loss)/profit from operations (656,030) 929,643 — 273,613 Net (loss)/profit (860,091) 929,643 — 69,552 Net (loss)/profit attributable to ordinary shareholders of NIO Inc. (1,217,599) 929,643 357,312 69,356 Net (loss)/profit per share/ADS attributable to ordinary shareholders, basic and diluted (RMB) (0.49) 0.37 0.14 0.02 Net (loss)/profit per share/ADS attributable to ordinary shareholders, basic and diluted (USD) (0.07) 0.05 0.02 0.00 Six Months Ended June 30, 2025 GAAP
Result Share-based compensation Organizational optimization charges Accretion on redeemable non-controlling interests to redemption value Adjusted
Result
(Non-GAAP) RMB RMB RMB RMB RMB Cost of sales (28,226,317) 27,868 54,282 — (28,144,167)Research and development expenses (6,188,435) 569,667 215,532 — (5,403,236)Selling, general and administrative expenses (8,365,684) 299,579 172,074 — (7,894,031)Total (42,780,436) 897,114 441,888 — (41,441,434)Loss from operations (11,326,986) 897,114 441,888 — (9,987,984)Net loss (11,744,834) 897,114 441,888 — (10,405,832)Net loss attributable to ordinary shareholders of NIO Inc. (12,032,368) 897,114 441,888 292,864 (10,400,502)Net loss per share/ADS attributable to ordinary shareholders, basic and diluted (RMB) (5.56) 0.41 0.20 0.14 (4.81)
i All translations from RMB to USD for the second quarter of 2026 were made at the rate of RMB6.7851 to US$1.00, the noon buying rate in effect on June 30, 2026 in the H.10 statistical release of the Federal Reserve Board.
ii Vehicle margin is the margin of new vehicle sales, which is calculated based on revenues and cost of sales derived from new vehicle sales only.
iii Except for gross margin and vehicle margin, where absolute changes instead of percentage changes are calculated.
SHANGHAI, Sept. 01, 2026 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its August 2026 delivery results.
Shares of Nio Inc – ADR (NYSE:NIO) hit a new 52-week low Monday afternoon. The Chinese electric vehicle manufacturer continues to face persistent selling pressure driven by broader EV sector margin compression and intensifying price wars across the domestic market.
NIO stock is testing key support levels. Why are NIO shares at support? Q2 Earnings Expectations On Deck Tuesday MorningThe stock’s slide to new lows comes directly ahead of Nio’s second-quarter financial report, set for release before the market opens on Tuesday. Wall Street analysts expect the company to post an adjusted loss of approximately 7 cents per share on revenue of $4.78 billion.
Investors will also evaluate whether robust operational volume, supported by 107,658 vehicle deliveries during the three-month period ending June 30 (a 49.4% year-over-year increase), can successfully stem gross margin erosion and narrow net losses.
Strategic Focus On Sub-Brands And Network MonetizationBeyond top-line metrics, market attention on Tuesday will center on management commentary regarding order momentum for the mass-market ONVO sub-brand and delivery timelines for its upcoming Firefly model.
Wall Street is also expecting updates on vehicle gross margins and strategic monetization plans for Nio’s expanding battery-swap network as the company seeks a path toward sustained profitability.
NIO Shares Edge Lower MondayNIO Price Action: Nio shares were down 2.06% at $4.28 at the time of publication on Monday, according to Benzinga Pro data.
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Buy NIO. The stock is sitting on key support ($4.37) and has a falling wedge plus bullish divergence, which often signals a reversal. Deliveries are accelerating (+50% YoY in Q2; +71% in July), and NIO historically beats revenue expectations. If earnings show profit or a smaller loss, the chart setup gives you a clean path to retest resistance near $5.
Key Risk: Earnings disappoint on profitability (loss widens) and the stock breaks $4.37, turning the wedge into a breakdown.
BYD margin pressure (BYDDF)
Sell BYDDF. BYD’s own warning flags sluggish China demand, fierce competition, and rising chip/material costs—exactly the mix that compresses margins across the sector. Even if volumes hold up, margin fear tends to hit the whole complex and can cap upside for the leaders too.
Key Risk: BYD reports strong margins or guides to margin stabilization, proving the warning was temporary.
Nio stock has crashed in the past few months, erasing billions of dollars in value, even as its delivery growth has accelerated. It has now stalled at a crucial support level and has formed a highly bullish chart pattern ahead of its earnings report on Tuesday, September 1.
Nio, a top Chinese EV company, will be in the spotlight this week as it releases its results, which are expected to show strong revenue growth.
Its recent delivery numbers showed that the company delivered 107,658 vehicles in the second quarter, up by nearly 50% from the same period last year. Its June deliveries rose by 62.9% to 40,597.
This growth continued into the third quarter as the company delivered 35,934 vehicles in July. Its July deliveries were up by 71% from the same period last year.
Therefore, Yahoo Finance data shows that analysts expect the upcoming earnings report will show that its revenue jumped by 75% to 33.28 billion yuan. In reality, chances are that its report will show that its revenue rose to over 35 billion yuan. Historically, the company tends to report stronger-than-expected revenue figures.
Investors will pay close attention to the company’s profitability metrics in this report. Its last report showed that its net loss stood at over $40 million in the first quarter, a big reversal after it made a profit in the fourth quarter. A profit or a smaller loss will be bullish for the stock.
Still, BYD, the biggest Chinese EV company, delivered a major warning in its earnings report last week. In a statement, the management said that the Chinese auto sector faced sluggish growth as the economy slows. It is also experiencing fierce competition and rising raw materials and chip costs that are affecting their margins.
Companies, including Nio, are offsetting the weaker domestic demand by boosting their exports. The top export markets are in the Southeast Asia region and Europe. Some companies have also started exporting to Canada, a country that slashed its EV tariffs.
Nio stock chart | Source: TradingView
Technicals suggest that Nio’s shares will continue falling after it releases its financial results this week. For one, it has remained below all moving averages, a sign that bears have prevailed.
The stock has also moved to the important support level of $4.37, its lowest level in February and March last year. A clear move below this level would be a sign that bears have prevailed, pointing to more downside.
On the other hand, the stock has formed a bullish divergence pattern as the Percentage Price Oscillator (PPO) has drifted upwards. The stock has also formed a falling wedge pattern, which is made up of two descending and converging trendlines. This pattern normally leads to a reversal.
Therefore, the stock may rebound after earnings as investors target the key resistance level of $5, its highest level on July 31.
Nio (NIO +0.23%) is forecasting significant improvement in vehicle sales this year.
*Stock prices used were the afternoon prices of Aug. 23, 2026. The video was published on Aug.25, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Electric vehicles (EVs) have had a rough ride over the last two years in the U.S., with major carmakers like Ford and Honda curtailing EV production, or even canceling some EV models outright.
That stands in sharp contrast to the rest of the world, particularly China, where EV carmakers – juiced by government incentives and an opportunity to seize market share from dominant U.S. and European brands – are flourishing after years of early stage struggles.
One Chinese EV maker, Nio (NIO +0.23%), has been hit particularly hard over the last five years. But its upcoming earnings report could send the stock soaring.
Here's why Nio's upcoming earnings report could be a game changer for its shareholders.
Image source: The Motley Fool.
How Nio is differentAlthough battery-powered electric vehicles (BEVs) are cheaper to operate and maintain than gasoline or hybrid vehicles, there are two important metrics on which they aren't yet competitive with their fossil-fuel-powered brethren: cost and refueling time.
BEVs generally cost thousands of dollars more than comparable gas-powered vehicles or hybrids, and powering them to a full charge, even at a high-powered DC fast-charging station, takes 20 to 60 minutes, far longer than filling up at a gas station.
Nio has come up with a unique solution for these problems. Instead of including the batteries in the purchase price of a Nio vehicle, Nio allows buyers to subscribe to a "Battery-as-a-Service" feature for a monthly fee.
Image source: Getty Images.
Paying the fee allows drivers to visit a special Nio "battery swap" station where they swap their depleted battery array for a fully charged one. The process takes only a few minutes, comparable to the time it takes to fill a gas tank.
This system allows Nio to advertise a lower sticker price for its vehicles and lock in a recurring revenue stream from the battery-swap service.
The only problem for Nio is that, for the battery swap service to be a viable option, it needs to build and maintain a network of battery swap stations, which entails high upfront costs.
Why Nio's earnings report is criticalNio's shares bottomed out at $3.14/share in early 2025. After it posted a quarterly net profit for the first time, the stock jumped to $6.87/share in April, but has since fallen back to $4.38/share, down 93% from its all-time high.
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Despite the decline in its share price, Nio's trailing twelve-month (TTM) revenue has skyrocketed this year to $14.3 billion.
That's because Nio's vehicle deliveries have been soaring. As of July 31, Nio had delivered 227,057 vehicles, a 68% increase from July 2025.
But revenue growth has never been a problem for Nio. Profitability has. Nio's TTM net losses had been moving in the wrong direction for almost a decade, hitting a low point of -$3.4 billion in Q3 2025.
Since then, the company has seen remarkable improvement in its bottom line. It even managed to squeak out a net profit of $17.1 million in Q4 2025, only to post a net loss again in Q1 2026.
That single quarter of net profit immediately caused a 20% jump in the company's stock price. Over the next several weeks, it continued to climb to a 45.6% gain. But the return to a net loss in Q1 had the exact opposite effect: an immediate plunge in share price, followed by months of declines.
If Nio's management announces a net profit in its Q2 earnings report on Tuesday, investors should expect the stock to immediately pop, just like it did in Q4.
NIO Inc. (NIO - Free Report) closed at $4.36 in the latest trading session, marking a -5.83% move from the prior day. This change lagged the S&P 500's 0.28% loss on the day. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, lost 0.77%.
Shares of the company have appreciated by 3.12% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 0.88%, and the S&P 500's gain of 2.31%.
Market participants will be closely following the financial results of NIO Inc. in its upcoming release. The company plans to announce its earnings on September 1, 2026. It is anticipated that the company will report an EPS of -$0.07, marking a 78.13% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.78 billion, up 80.16% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.1 per share and a revenue of $19.24 billion, indicating changes of +89.8% and +56.03%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for NIO Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. NIO Inc. currently has a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Key Takeaways NIO's Q2 deliveries jumped 49.4% year over year to 107,658 vehicles, outpacing its closest peers.NIO's vehicle margin rose to 18.8% in Q1 2026 from 10.2% a year earlier, helped by higher volumes and mix.Rising chip, battery-metal and commodity costs could add over RMB 10,000 per NIO vehicle. Chinese electric vehicle (EV) company NIO Inc.’s (NIO - Free Report) shares have been stuck below the $5-mark, trading around $4.60 and well off their 52-week high near $8. For a company that once touched around a $100 billion market cap in January 2021, the low-price tag now raises a question for value-hunting investors: is NIO a value pick now, or is the stock cheap for good reason? Let’s dig deeper.
NIO Product Mix & Deliveries Key CatalystsNIO's vehicle lineup has grown substantially, spanning the ES6, ET5T, ES8, EC6, ES7, ET5, ET7, EP9, EVE, ET9 and EC7 models, which is translating into stronger delivery momentum.The ES8 has demonstrated strong market momentum since deliveries began at the end of September 2025. 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 launch of ES9 this May boosted the demand trajectory further.
NIO has also broadened its reach beyond its premium namesake brand. The ONVO brand, aimed at the mass market, launched its first model, the L60, in September 2024, followed by the L90 large family SUV in July 2025 and the L80 in May 2026. The Firefly brand, a small, high-end EV line introduced in December 2024, began deliveries in April 2025 and is set to lead NIO's international expansion through a country-distributor model in 2026.
In the second quarter, the company’s deliveries rose 49.4% from the prior-year period to 107,658 vehicles. That growth rate stands out against its closest peers Li Auto (LI - Free Report) and XPeng Inc. (XPEV - Free Report) . Li Auto (LI - Free Report) delivered 98,330 vehicles in the June quarter, down roughly 12% from the year-ago period. Meanwhile, XPeng saw its second-quarter deliveries rise to 103,295 units, a modest increase from 103,181 units in the second quarter of 2025.
Vehicle Margins are ImprovingHigher volumes and a richer product mix are boosting margins as well. Vehicle margin climbed to 18.8% in the first quarter of 2026, up sharply from 10.2% a year earlier. The ES8 alone accounted for roughly half of that margin improvement, with the model's own vehicle margin running above 20%. NIO has guided for a 17-18% vehicle margin for 2026, a solid step up from the 14.6% reported for full-year 2025.
Technology and Charging Infrastructure EdgeNIO continues to invest heavily in vertically integrated technology, including autonomous-driving software, operating systems and its own chips. Its newer world-model-based ADAS system is also designed to deliver strong performance using only about 20% of the cloud computing power used by competitors. Over time, NIO could potentially monetize these capabilities through subscriptions, creating a higher-margin recurring revenue stream beyond vehicle sales.
Another competitive advantage is NIO’s battery-swap ecosystem. The company has more than 3,900 swap stations and over 28,000 power and destination chargers. Its battery-as-a-service model and extensive power network can make NIO vehicles more convenient to own while strengthening customer retention.
The Risk to WatchThe clearest near-term threat is cost inflation. NIO had already cautioned that rising prices for memory chips, lithium carbonate, NCM battery materials, copper and aluminum are expected to add more than RMB 10,000 per vehicle in costs starting in the second quarter. If commodity prices keep climbing, that pressure could eat into the margin gains NIO has just started to book, complicating its path to sustained profitability.
The Zacks Rundown on NIO StockYear to date, shares of NIO have fallen 11%, narrower than XPeng and Li Auto’s decline.
YTD Price Performance Comparison Image Source: Zacks Investment Research
From a valuation standpoint, NIO trades at a forward price-to-sales ratio of 0.52, in line with the industry and below its own five-year average.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NIO’s 2026 and 2027 bottom line implies a 90% and 195% year-over-year improvement, respectively.
Image Source: Zacks Investment Research
Last WordNIO's story right now is one of accelerating deliveries, a widening multi-brand lineup, improving margins and a differentiated technology— all packaged in a stock trading under $5. The rising input-cost pressure is worth watching, but it comes at a time when NIO's underlying execution—deliveries, mix and margin trajectory—is improving on nearly every front.
So, it’s worth buying NIO stock at current levels. It currently carries a Zacks Rank #2 (Buy) and has a VGM Score of B.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
SHANGHAI, Aug. 20, 2026 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2026 on Tuesday, September 1, 2026, before the open of the U.S. markets.
The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 1, 2026 (8:00 PM Beijing/Hong Kong/Singapore Time on September 1, 2026).
A live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.nio.com/news-events/events.
For participants who wish to join the conference using dial-in numbers, please register in advance using the link provided below and dial in 10 minutes prior to the call. Dial-in numbers, passcode and unique access PIN would be provided upon registering.
A replay of the conference call will be accessible by phone at the following numbers, until September 8, 2026:
United States:+1-855-883-1031Hong Kong, China:+852-800-930-639Mainland, China:+86-400-1209-216Singapore:+65-800-1013-223International:+61-7-3107-6325Replay PIN:10056744 About NIO Inc.
NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, premium smart electric vehicles for families through the ONVO brand, and small smart high-end electric cars with the FIREFLY brand.
For more information, please visit: http://ir.nio.com
NIO Inc. (NIO - Free Report) closed at $4.60 in the latest trading session, marking a +1.77% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.52%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq decreased by 0.32%.
Shares of the company have depreciated by 7.38% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 6.96%, and the S&P 500's gain of 3.3%.
Analysts and investors alike will be keeping a close eye on the performance of NIO Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.07, marking a 78.13% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $4.78 billion, indicating a 80.16% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.1 per share and revenue of $19.24 billion, indicating changes of +89.8% and +56.03%, respectively, compared to the previous year.
Any recent changes to analyst estimates for NIO Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. NIO Inc. presently features a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 26% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
In the latest close session, NIO Inc. (NIO - Free Report) was down 4.15% at $4.62. This change lagged the S&P 500's 0.32% loss on the day. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq lost 0.6%.
Shares of the company have depreciated by 2.23% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 10.61%, and lagging the S&P 500's gain of 2.46%.
The investment community will be closely monitoring the performance of NIO Inc. in its forthcoming earnings report. The company is predicted to post an EPS of -$0.07, indicating a 78.13% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.78 billion, indicating a 80.16% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.1 per share and revenue of $19.24 billion, which would represent changes of +89.8% and +56.03%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for NIO Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 20.51% higher. NIO Inc. currently has a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 168, putting it in the bottom 32% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Nio stock has come under pressure in the past few months, even as it became one of the fastest-growing companies in the electric vehicle industry. After peaking at $7 on April 7, it has slumped to $4.65, erasing billions of dollars in value. With the stock trading above a crucial support level, is it safe to buy the dip?
Nio, one of the of the biggest Chinese EV companies, has struggled substantially in the past few months. This retreat continued this month, even after it released strong monthly deliveries numbers.
The report revealed that it delivered 35,934 vehicles in July, up by 71% from the previous year. This growth brought its year-to-date deliveries to 227,057, up by 68% YoY.
Its flagship Nio brand had 20,008 vehicle deliveries, while Onvo and Firefly had 10,155 and 5,771 deliveries during the month. Its ES8 sold a cumulative 130,000 vehicles in just 305 after its launch.
The company also launched the new ES8 Five-Seat Version in July. It is also ramping up the production of the ES9 version, whose price ranges between $69k and $87k.
Previously, Nio announced that its second quarter deliveries jumped by 49.4% to 107,658, a sign that demand remains strong. This makes it one of the fastest-growing Chinese EV companies, a trend the management expects to continue.
The rising deliveries means that its revenue growth will be strong. Yahoo Finance data shows that the average estimate is that its revenue jumped by 75% in the second quarter to CNY 33.28 billion. For the third quarter, the estimated revenue is CNY 36.33 billion, while the annual revenue is expected to get to CNY 135.69 billion.
READ MORE: Nio stock crashes on weak outlook despite EV delivery surge: now what?
Most importantly, while a price war is still continuing in China, the company’s gross margins are fairly strong. In the last quarter, the vehicle margin rose to 18.8%, higher than 10.2% in the same period last year. Total gross margin rose to 19% from the previous 7.6%.
While Nio made a net loss in the second quarter, the management has demonstrated that the company can be profitable. In the fourth quarter, its net profit jumped to over $40 million. The management now aims to have a non-GaaP profitability this year.
MarketBeat data shows that there are 14 analysts tracking the company. 2 have a sell rating, while the remaining ones have a hold or buy ratings. The most optimistic analyst has an $8.50 target, implying a 85% jump from the current level.
Nio stock chart | Source: TradingView
The daily chart shows that Nio shares have been in a strong downward trend in the past few months. As a result, it has slumped below all moving averages, a sign that bears remain in control.
However, on the positive side, it is slowly forming a large double-bottom pattern at $4.45, its lowest level in February and July this year. This pattern has a neckline at $7, its highest point this year.
Therefore, the forecast is bullish as long as it remains above the double-bottom level of $4.45. If this happens, it may rebound to the next key resistance level of $5.22, its highest level on july 15, which is 12% above the current level. A drop below that level will point to more downside, potentially to the psychological level of $4.
NIO Inc. (NIO - Free Report) closed at $4.65 in the latest trading session, marking a -2.31% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.17% for the day. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw a decrease of 0.83%.
Prior to today's trading, shares of the company had lost 2.46% was narrower than the Auto-Tires-Trucks sector's loss of 8.67% and lagged the S&P 500's gain of 3.52%.
Analysts and investors alike will be keeping a close eye on the performance of NIO Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.07, reflecting a 78.13% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.78 billion, indicating a 80.16% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.1 per share and revenue of $19.24 billion. These totals would mark changes of +89.8% and +56.03%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for NIO Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 20.51% higher. NIO Inc. is holding a Zacks Rank of #2 (Buy) right now.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 178, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NIO in the coming trading sessions, be sure to utilize Zacks.com.
Montreal, Quebec--(Newsfile Corp. - August 4, 2026) - Nio Strategic Metals Inc. (TSXV: NIO) (OTCQB: NIOCF) ("Nio" or the "Corporation"), a critical mineral exploration company, is pleased to announce the results of the metallurgical study, The sustainable and optimized development of niobium and other critical and strategic minerals (CSM) of the Oka deposit, which was prepared by IGS Impact Global Solutions ("IGS"), for the Centre technologique des résidus industriels ("CTRI") as part of the Éléments08 initiative. CTRI is a Rouyn-Noranda based applied research and technology transfer centre on industrial tailings.
In addition to confirming and characterizing the strong presence of niobium, phosphate and other rare metals, IGS provides an innovative solution to process the concentrate from the deposit in a remote location, thereby reducing the local environmental impact.
The study investigates the opportunity to maximize the recovery value of the mined concentrate by using hydrometallurgical extraction of rare earth elements ("REE"), niobium, tantalum and zirconium. IGS also recommends further tests to assess the monetization of phosphate while producing the pyrochlore concentrate, as samples of the historical resource have tested 4.29% P2O5 (see Table 1).
IGS tested 95 samples taken from historical drill cores of the S60 and HWM2 zones to create a composite sample representative of the historical resource (see Table 1). The significant presence of REE was confirmed in the zone targeted for mining. The results, summarized in Table 2, demonstrate that the total rare earth oxide ("TREO"), content is 0.507% TREO for the composite simulating that of the 2011 feasibility study (FSG) and 0.935% TREO for the composite (HGG) designated as high-grade in Nb₂O₅.
A high-grade Nb composite sample (HGG), prepared at CTRI, was sent to SGS for a mineralogical study performed using TIMA (Tescan Integrated Mineral Analyzer) and electron microprobe analysis (EMPA). Flotation test work performed on the metallurgical test composite delivered, in open circuit, a pyrochlore concentrate grading 52.75% niobium pentoxide (Nb₂O₅) at a niobium recovery of 81.14% — a substantial improvement over the historical baseline of 44.5% Nb₂O₅ at 71.7% recovery established in the 2011 feasibility work. This was achieved with a markedly simpler flowsheet.
The concentrate additionally contained 11.75% TREO — of which approximately 83% is cerium oxide (CeO₂), 9% neodymium oxide (Nd₂O₃) and 3% praseodymium oxide (Pr₆O₁₁) — together with 1.5% zirconium (Zr), equivalent to 2.0% zirconium oxide (ZrO₂), and 0.4% tantalum (Ta), equivalent to 0.49% tantalum pentoxide (Ta₂O₅). The full rare earth distribution of the concentrate is detailed in Table 3.
Michel Bourassa, founder of Soutex, commented, "these results demonstrate once again how the rock of the Oka deposit is rich in niobium and rare earths and, moreover, is amenable to various metallurgical treatment processes."
Bruno Dumais, President and Chief Operator Officer suggested that "The study points to a potential increase in the project's value by enabling a better niobium recovery; recovery of phosphate as a by-product (historically sent to tailings); and the extraction of REE that would otherwise be disregarded and lost in the slag."
Importantly, the new approach would minimize the environmental impact of the residues as the tests demonstrated it was possible to significantly reduce the thorium and uranium contents from 2,000 and 1,000 parts per million (ppm) to 824 and 120 ppm, respectively (see Table 4). This solution innovates in its approach, as well as provides a de-risking plan to rehabilitate the tailings on the old mining site.
The Corporation looks forward to communicating on the results of the CTRI sponsored study on water management and other environmental aspects of the sustainable development of the Oka deposit.
The technical information in this news release has been reviewed and approved on behalf of the Corporation by Pierre-Jean Lafleur, P.Eng., a geological consultant and a qualified person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Table 1. Composition of the individual drill-core samples used to produce the metallurgical test composite (IGS)
(wt %)1972280348HWM2374.70.5202.9502.6203.6700.2102.00049.1000.1700.2100.1000.7800.3302973381359S60314.30.5204.1304.06013.3003.7205.40035.4001.5401.3300.1701.0300.4403974481988S60335.50.5204.3904.2602.9000.0302.88045.8000.2700.1400.0801.5400.3804974882321S60391.90.5203.1102.5709.4302.0304.03044.1000.3600.9800.1500.7900.2405974882343S60360.20.5203.8101.6702.4800.0702.45050.4000.1000.1200.0600.6500.1006973881624S60260.90.5303.9706.5903.6500.0904.60042.3000.2400.2000.1502.1600.8807974181880S60312.40.5303.77015.6005.8900.2506.80033.7000.2500.3700.3102.8000.3608974181949S60372.80.5303.6904.6706.0101.2803.10044.6000.2000.7600.3401.1900.3409974482093S60327.50.5302.2004.69013.6004.1807.49035.6000.2602.6300.5900.9300.80010974882349S60386.60.5303.3402.2602.4100.0502.44050.3000.1100.1300.0700.6900.11011974882384S60412.80.5302.6601.1704.0100.6002.37049.1000.3300.4800.1200.6000.23012972981091S60334.30.5402.3803.6503.6000.3405.16041.2000.2300.4300.0703.0700.84013972981102S60299.20.5403.5009.9407.9900.2108.96037.0000.2000.2000.3202.2300.27014973381389S60255.20.5403.8502.7907.0301.4203.61045.1000.5800.5800.1200.8000.35015973881627S60281.60.5404.81011.3004.7200.0705.75039.5000.1800.2000.2702.0700.46016974181925S60270.50.5402.7608.54022.5006.63011.10018.2000.3704.4800.9001.8701.56017974482118S60178.10.5402.9904.63021.1007.8008.74028.0000.5303.1700.4900.9000.53018974882319S60384.10.5402.9101.5503.1600.3401.65051.0000.1000.2400.1000.5000.25019974982423HWM2440.60.5403.0802.0304.6700.4602.41049.6000.1500.4000.1300.4800.19020972380412HWM2384.30.5503.8604.5708.0601.0104.22044.3000.2700.7300.4001.0800.23021972480571HWM2362.90.5503.0802.8704.9700.6102.66048.0000.2100.3300.3400.7700.20022973081246HWM2349.20.5503.4407.9709.0301.2802.23042.9000.2500.4300.4300.9100.55023973881629S60310.70.5504.2007.0003.8900.1505.19041.3000.2300.1900.1701.8200.98024974181869S60336.40.5605.82011.8006.6000.1106.94034.8000.3200.2900.2202.7100.84025974482097S60433.70.5602.7206.97017.9005.7009.15029.5000.3503.2700.6800.9600.85026972981096S60338.40.5703.7203.6604.2400.1403.64046.4000.3600.2300.1201.0600.32027974181939S60415.20.5701.9906.68022.8007.00011.30024.6000.4703.6801.0101.1100.83028974482036S60336.30.5705.3105.7604.2100.0904.74043.4000.3600.1900.1301.4800.21029973381361S60327.30.5805.80011.1008.2800.6008.88034.2000.3900.5200.3402.2200.47030974181935S60370.10.5803.4103.0305.4401.3203.85045.5000.2600.9400.2000.7900.38031974181940S60350.70.5802.6802.4906.6101.7202.73045.8000.1600.5600.2800.5300.37032974882341S60435.40.5802.9404.7204.2100.5603.49043.9000.2000.4000.1102.3301.51033973781641S60265.20.5906.82013.80011.7001.22011.70027.2000.4401.0000.4702.6300.48034973781644S60110.90.5904.8504.4604.5700.7304.15040.9000.1800.5700.2002.4201.65035974482043S60328.60.5903.0506.3602.9400.1003.70044.4000.2000.1800.1401.8300.34036972280343HWM2392.10.6003.4103.23014.3003.0005.36039.2000.7701.2300.3400.6700.25037972981104S60367.60.6004.7003.7903.7900.2804.04044.8000.1800.2300.1501.0900.55038974682225S603670.6005.22023.0008.5600.27010.50020.7000.1700.3200.4504.3102.56039972480565HWM2302.30.6102.1304.61018.3004.5806.06033.6001.1102.3600.2900.8600.37040974982421HWM2343.60.6102.2801.6604.0000.3902.25050.5000.1000.3500.1100.5200.10041972380397HWM2356.30.6203.1804.5706.6600.7101.94047.2000.2800.2900.2600.7200.45042972880933HWM2406.20.6302.8702.5404.3500.2402.39049.8000.1700.2300.1500.7400.20043973881632S602610.6304.5609.9905.7000.0406.48039.5000.1900.1200.2201.9300.38044974181893S60322.10.6305.79015.0006.4900.2307.98031.7000.2400.3200.3102.9900.53045974882342S60379.80.6303.2001.7401.9300.0801.59050.8000.1000.1300.0700.5200.20046973381395S60256.90.6403.5802.2103.6700.8502.32047.4000.3200.5000.1000.8800.67047973881630S60279.30.6404.3405.9802.7100.0603.14046.0000.1800.1000.1401.2200.46048973881700S60323.90.6404.12036.20011.8000.5206.49018.0000.6900.6200.7704.1000.70049974882334S60416.30.6403.5501.3008.4801.7203.25045.1000.6100.8000.1200.5400.22050972780852S60354.10.6504.2604.8903.6700.0504.02044.3000.2800.1900.1201.4000.51051972280347HWM2432.80.6602.6901.7503.0600.1002.25050.6000.1400.1300.0900.7200.22052974982424HWM2410.80.6603.1403.1005.0100.4101.93050.0000.2100.3300.1500.5800.42053973781648S60207.10.6704.4704.2104.1300.1404.82043.3000.3400.2400.1201.8801.12054973881710S60226.90.6702.5407.5407.9401.4604.01038.2000.1600.9700.3301.3200.36055974181905S60259.90.6704.45025.10012.2000.27013.40014.9001.9400.4500.4903.9700.29056974181937S60332.30.6703.5201.3802.1900.0502.06051.0000.1500.1300.0600.6200.13057974982420HWM2367.50.6703.1002.4605.0400.3402.73049.9000.1000.3100.2000.8300.09058973881623S60259.60.6804.4105.2803.7600.0204.47044.1000.2600.1800.1401.6500.42059973881625S60306.30.6803.6309.9005.5000.1506.51039.1000.2000.1700.2702.0600.45060973881626S60261.90.6804.41015.7005.1900.2405.83033.0000.2300.4100.3902.7501.07061974181891S60331.60.6804.54049.3007.2200.5608.66013.2000.3500.5301.1004.3300.27062974882329S60345.60.6804.1204.8105.6000.3802.28047.2000.2000.2800.1900.6700.11063973381366S60319.10.6905.43012.00010.5000.45011.70031.9000.4600.3600.3902.5600.29064974181892S60340.80.6907.66013.5006.9000.1108.45032.3000.4100.2700.2803.1800.52065974682231S60373.20.6904.66022.30013.2000.6508.30020.2000.2200.5100.5604.0100.77066974181898S60392.10.7006.71012.2006.9500.2208.07033.0000.5000.3500.3102.7700.41067974481990S60430.20.7005.16017.3007.0300.2005.46035.0000.3800.3100.3802.4300.21068972280351HWM23870.7103.8603.0305.8100.3403.06048.7000.1900.3500.2000.9600.28069972981097S60305.20.7103.1406.5709.9302.1607.72036.5000.3801.6600.2601.3400.43070973881633S60286.70.7104.6804.0903.6600.0204.22045.9000.1000.0800.1201.3500.57071973881698S602860.7104.43038.40013.1000.2805.85019.6000.7600.4200.8203.2400.56072974181920S603510.7103.04011.2006.0600.1709.60023.8000.2800.1600.2405.3305.00073973881628S60269.10.7204.67015.4007.8500.1708.61033.1000.3100.2300.3302.8600.38074974181942S60305.70.7203.3905.6009.2802.8904.88039.5000.1101.5600.4300.8200.37075972380411HWM2331.90.7303.1001.9905.1800.2902.63048.9000.2500.2400.1600.8700.22076972880988S60348.50.7304.8102.8203.1400.1503.35046.9000.2000.2100.1001.6700.39077972780866S60365.50.7403.1204.8504.8400.7304.03041.0000.3700.6300.1502.9502.19078973781643S60224.60.7404.9905.00015.0003.7802.20036.3000.1301.1200.2501.2801.18079973381360S60326.80.7506.2004.6604.1300.3404.18044.4000.2800.3500.1801.2000.41080973781647S602510.7507.1905.8605.5000.2805.97039.2000.5000.2500.1801.6100.50081974482098S60401.50.7503.7802.7208.7002.0004.90043.1000.4101.0600.2100.8300.27082974682188S60392.50.7606.15035.00015.6000.5106.43021.0000.4800.4400.8202.8800.14083972380410HWM2390.20.7702.7602.5004.5000.4002.96048.0000.2300.3000.1500.7600.22084972880991S60331.60.7804.0304.0504.1900.1504.82044.8000.3000.3000.1401.1200.36085973381365S60355.40.7807.12012.2009.1000.44010.50032.8000.5000.3600.4202.2900.34086974982426HWM2330.40.7803.8204.3205.7200.5901.14049.2000.3000.1700.3000.6400.18087974181887S60314.50.7906.6108.9404.5000.0204.63042.6000.3000.1600.1601.6800.23088974181888S60354.70.7905.6908.7605.3700.1105.65039.0000.3800.2800.1602.1000.64089974882328S60357.10.7904.2505.08018.5005.4608.75030.8000.6603.1800.3100.9100.41090974682185S60484.30.8007.08039.90011.7000.3405.55018.7000.6800.3700.9103.3500.59091973681490S60340.80.8102.88012.9008.4200.2709.65031.7000.2400.3400.2502.6500.68092973581581S60277.10.81029.70011.3001.8800.5001.31042.5000.2800.0800.3501.7500.53093973881706S60321.30.8106.05039.80013.1000.2405.32021.3000.3900.2100.9103.0700.29094973981802S60457.10.8105.78023.5009.0600.3904.17032.5000.5000.4600.5302.1900.32095974982422HWM2234.70.8101.8803.46020.4005.3207.05033.7001.2302.4200.2500.7600.190Composite (IGS)CM7-A31,856.90.6464.2918.9917.4791.0055.13839.1760.3430.6350.2981.6690.533Reference test compositeFeed M7-A-0.6503.9709.4706.1000.6004.92038.8000.2300.4200.2601.9000.490Notes: Composite CM7-A (95 samples from 18 drill holes, zones S60 and HWM2; total mass 31,856.9 g) was assembled by IGS for the E08 metallurgical test program; assays are reported in weight percent (wt %). "Feed M7-A" is the head assay of the reference composite used in the 2011 feasibility-study test work, shown for comparison. Composite grades correspond to the mass-weighted average of the individual samples.
Source: IGS Impact Global Solutions Inc., report 'The sustainable and optimized development of niobium and other critical and strategic minerals (CSM) of the Oka deposit'
Table 2. Geochemical analysis of the FSG and HGG composite samples: Nb, Ta, Th, U, Zr, Sc and rare earth oxides (IGS)
Grade %
FSG
compositeHGG
compositeNb2O50.4891.165Ta2O50.0070.000ThO20.0210.001UO20.0030.000ZrO20.0350.002Ce2O30.2610.493Dy2O30.0030.005Er2O30.0010.002Eu2O30.0030.005Gd2O30.0050.010Ho2O30.0000.001La2O30.1080.177Lu2O30.0000.000Nd2O30.0790.154Pr2O30.0240.045Sc2O30.0010.002Sm2O30.0100.020Tb2O30.0010.001Tm2O30.0000.000Y2O30.0110.018Yb2O30.0010.001TREO0.5070.935Table 3: Rare earth element and oxide content of Oka niobium concentrate samples
Element (ppm)IGS-E08PNA15-11 Oxide (%)IGS-E08PNA15-11Y805781 Y2O30.1020.099La10,0219,404 La2O31.1771.103Ce79,40879,800 CeO29.7549.803Pr3,1043,174 Pr6O110.3750.383Nd9,2799,239 Nd2O31.0821.078Sm1,0771,130 Sm2O30.1250.131Eu294308 Eu2O30.0360.038Gd773808 Gd2O30.0890.093Tb5365 Tb4O70.0060.008Dy289291 Dy2O30.0330.033Ho3236 Ho2O30.0040.004Er8184 Er2O30.0090.010Tm912 Tm2O30.0010.001Yb70.472 Yb2O30.0080.008Lu36 Lu2O30.0000.001TREO12.80112.793LREO (La, Ce, Pr, Nd, Sm, Eu)12.54812.536HREO (Gd-Lu, Y)0.2530.257HREO/LREO2%2%Table 4: Mass balance of the concentrate leach test - significant lower Th and U values in the Residue
ProductMass
(g)Mass
(%)Concentration (ppm)ThULaCePrNdSmEuGdTbDyHoErTmYbLuAgVResidue18.7893.908241206,97041,0003,1409,8901,1102522973716821.2045.205.0826.202.480.5059Feed20.00100.002,0001,00013,30073,7005,37017,9002,32059183310950363.50136.0015.8088.208.452.30135Recovery by residue (%)38.6911.2749.2152.2454.9151.8844.9340.0433.4832.2231.3631.3531.2130.1927.8927.5620.4141.04Note: Recovery by residue (%) = (residue concentration × residue mass) ÷ (feed concentration × feed mass). Values below 100% indicate the proportion of each element retained in the leach residue; the balance reports to the leach solution.
About Nio Strategic Metals
Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The Corporation holds niobium and critical metals properties located in Oka and near Mont-Laurier in the Province of Québec. Nio is committed to developing those deposits in an environmentally responsible manner — supplying strategic materials the world needs while driving innovation, creating high-quality jobs and strengthening the local economy.
For more information on the Corporation, please refer to the Corporation's public documents available on SEDAR+ (www.sedarplus.ca) or on the Corporation's website (https://niostratmet.com/) or contact:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (together, "forward looking statements") within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Nio Strategic Metals' annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although Nio Strategic Metals believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Nio Strategic Metals disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307909
Source: Nio Strategic Metals Inc.
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SHANGHAI, Aug. 01, 2026 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its July 2026 delivery results.
NIO Inc. – ADR (NYSE:NIO) shares are trading marginally lower on Friday as recent policy support expectations for China’s smart connected EV push collide with a still-cautious tape for smaller, riskier names.
Here’s what investors need to know.
NIO stock is trading at depressed levels. Where are NIO shares going? What Is Driving NIO Stock Today?China’s Ministry of Industry and Information Technology this week signaled it will move quickly to draft and publish a 15th Five-Year Plan for the smart connected new energy vehicle sector, following comments from Guo Shougang at a July 27 media roundtable tied to the 2026 World Intelligent Connected Vehicle Conference.
The plan focus includes foundational tech breakthroughs, industry standards coordination, and expanded "vehicle-road-cloud" pilot programs across production, access, and road-use applications.
NIO is trading this as a "policy tailwind, risk-off execution" setup: the same July 27 roundtable messaging that helped lift China EV names earlier in the week is now being weighed against weak breadth and small-cap pressure.
NIO Stock: Critical Levels To WatchNIO is sitting right on its short-term trend gauge, with the stock essentially at the 20-day SMA/EMA near $4.82, but it remains below the bigger moving averages that define the longer trend. Specifically, it’s trading 5.3% below the 50-day SMA ($5.09) and more than 12% below both the 100-day ($5.59) and 200-day ($5.51), which keeps rallies vulnerable until those levels are reclaimed.
Momentum looks more "range-bound than stretched," with RSI at 47.85—neutral and consistent with a market that’s still deciding whether this is basing action or just a pause in a downtrend. The bigger structural overhang is the bearish moving-average stack (20-day below 50-day, and the 50-day below the 200-day), aligning with the death cross that triggered in June.
Key Resistance: $5.00 — a round-number ceiling that also sits just under the 50-day moving average zone, where rebounds often stall NIO Stock Price Action UpdateNIO Stock Price Activity: Nio shares were down 0.41% at $4.82 at the time of publication on Friday, according to Benzinga Pro data.
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The global automotive industry is in the midst of transformation. Electrification and autonomous driving are reshaping how vehicles are designed, manufactured and used, creating significant opportunities for companies across the mobility ecosystem.
Electric vehicles (EVs) are moving rapidly into the mainstream as advances in battery technology extend driving ranges, charging infrastructure expands and ownership costs become more attractive. Elevated fuel prices, partly driven by geopolitical tensions in the Middle East, have further strengthened the economic appeal of EVs. The competitive landscape has also evolved dramatically. Tesla (TSLA - Free Report) , once the clear leader in the EV market, now faces growing competition, especially from Chinese automakers.
The industry's growth outlook remains compelling. According to the International Energy Agency, global EV sales climbed 20% year over year to more than 20 million units in 2025, representing about one in four new vehicles sold worldwide. Sales are projected to rise to 23 million units in 2026, accounting for nearly 28% of global new-vehicle sales. Europe is expected to be among the fastest-growing regions, with EVs approaching one-third of new car sales, while China is on track for electric vehicles to account for nearly 60% of total vehicle sales.
Beyond electrification, autonomous driving is emerging as the next major growth engine. Rapid advances in artificial intelligence, sensors, cameras and connected-vehicle technology are making self-driving systems increasingly capable. According to Fortune Business Insights, the global autonomous vehicle market is projected to grow from $3.36 trillion in 2025 to $4.44 trillion in 2026 and reach $41.75 trillion by 2034, reflecting a CAGR of 32.3% between 2026 and 2034. Industry leaders such as Alphabet's (GOOGL - Free Report) Waymo and Baidu are at the forefront of this technological shift.
For investors, EVs and AVs represent a strong long-term opportunity. They combine growth, innovation and rising demand. Our Electric Vehicles & Autonomous Driving Screen highlights companies positioned to benefit from these trends, including NIO Inc. (NIO - Free Report) , Mobileye Global Inc. (MBLY - Free Report) , Hesai Group (HSAI - Free Report) and Ouster (OUST - Free Report) .
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4 Stocks to Buy
NIO: It appears to be entering a stronger phase of its growth journey, supported by rising deliveries, an expanding product portfolio and improving operational execution. After years of heavy investment, the Chinese EV maker is beginning to see the benefits of its efforts as newer models gain traction and demand improves.
A major catalyst is NIO’s broader vehicle lineup. The strong market reception of its flagship ES8 and ES9 models has helped drive delivery growth, while its Onvo and Firefly sub-brands are allowing the company to reach a wider range of customers across different price segments. This diversified approach could help NIO expand its addressable market and strengthen its competitive position.
At the same time, NIO is making progress on profitability. Management’s focus on a more decentralized operating structure is helping improve cost control and capital allocation. These initiatives are translating into stronger vehicle margins.
NIO’s battery-swapping ecosystem remains a key differentiator, with nearly 4,000 swap stations and a broad charging network enhancing customer convenience. Additionally, monetizing advanced driver assistance features through subscription services could unlock recurring, higher-margin revenue streams over time. With improving fundamentals and a Zacks Rank #2 (Buy), NIO is positioned to benefit from the continued expansion of the EV market.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Mobileye: As the automotive industry moves toward autonomous driving, Mobileye is well positioned to benefit from rising demand for advanced driver assistance systems (ADAS) and next-generation mobility solutions. The company’s broad technology portfolio, including Supervision, Chauffeur, Drive and its EyeQ platform, strengthens its position as automakers increasingly integrate smarter safety and autonomous features into vehicles.
Mobileye’s core EyeQ business continues to benefit from higher camera-based ADAS adoption, customer wins and growing exports from Chinese automakers. The company is also expanding into higher-value solutions, with a new high-volume Cloud-Enhanced ADAS program from Stellantis expected to begin in 2027. This offering is expected to generate significantly higher gross profit per unit compared with base ADAS, while Surround ADAS could further support average selling price growth beginning in 2028.
Beyond ADAS, Mobileye is advancing its autonomous mobility ambitions through strategic partnerships. Its collaboration with Volkswagen remains a key pillar, with MOIA beginning public rider testing in Hamburg and commercial deployments targeted in Orlando and Los Angeles over the next few years. The company is also developing a vertically integrated autonomous service platform for launch in at least one U.S. city in 2027.
Supported by strong financial flexibility and solid fundamentals, Mobileye, which carries a Zacks Rank #2, is positioned to capitalize on the future of intelligent transportation.
Hesai: As vehicles progress toward Level 3 autonomy, demand for high-performance sensing systems is expected to rise, creating significant growth opportunities for Hesai. Strong momentum in the ADAS market bodes well for the company. Hesai expects lidar shipments to nearly double to 3-3.5 million units in 2026, following record shipments of 1.6 million units in 2025.
The transition toward multi-lidar vehicle architectures could further expand the opportunity for this Zacks Rank #2 company, as automakers deploy multiple sensors per vehicle to enhance safety and autonomous capabilities.
At the 2026 Beijing Auto Show, Hesai’s lidar technology was featured across 56 vehicle models from 24 automotive brands, the highest among lidar suppliers. The company’s solutions are already used by leading automakers such as Audi, BYD, Xiaomi, Li Auto and Cadillac, while additional multi-lidar design wins with Li Auto, Xiaomi and Changan provide visibility into future growth.
International expansion adds another growth avenue, with partnerships such as Mercedes-Benz for Level 3 autonomous vehicles in Europe and China, along with its entry into Japan through GAC Toyota. The launch of Picasso, the industry’s first 6D full-color lidar chip, and the upcoming ETX platform are expected to support broader adoption from 2027 onward. Hesai’s technology leadership positions it well to benefit from the long-term shift toward autonomous mobility.
Ouster: It is positioning itself as a broader sensing and perception platform provider. While lidar remains central to its technology, the company has evolved beyond a traditional hardware business by combining lidar sensors with cameras, AI computing, perception software and proprietary AI models. This gives Ouster exposure to multiple high-growth markets, including autonomous vehicles, robotics, drones, smart infrastructure and humanoid robots.
A key catalyst is the company’s REV8 platform, which strengthens its competitive position in next-generation sensing. Launched in 2026, REV8 is the industry’s first native color lidar platform, offering improved resolution, longer range, enhanced safety capabilities, greater scalability and lower production costs compared with previous generations. Its compliance with the Build America, Buy America (BABA) Act also creates opportunities in federally funded U.S. infrastructure projects.
Early adoption trends are encouraging, with partnerships involving companies such as NVIDIA, FieldAI, Gecko Robotics, Fujifilm and ARGUS Interception highlighting demand across diverse applications. Ouster is also scaling production through an expanded manufacturing partnership with Benchmark Electronics, supporting annual capacity of more than 100,000 REV8 sensors under a long-term production agreement.
With its broader Physical AI strategy, growing ecosystem of partners and expanding commercial opportunities, Ouster, carrying a Zacks Rank #2, is positioned to benefit from the increasing need for intelligent sensing solutions.
In the latest trading session, NIO Inc. (NIO - Free Report) closed at $4.84, marking a +1.68% move from the previous day. This move outpaced the S&P 500's daily gain of 1.66%. Elsewhere, the Dow saw an upswing of 1.19%, while the tech-heavy Nasdaq appreciated by 2.78%.
Prior to today's trading, shares of the company had lost 4.23% was narrower than the Auto-Tires-Trucks sector's loss of 14.5% and lagged the S&P 500's loss of 1.49%.
The investment community will be closely monitoring the performance of NIO Inc. in its forthcoming earnings report. In that report, analysts expect NIO Inc. to post earnings of -$0.07 per share. This would mark year-over-year growth of 78.13%. Meanwhile, the latest consensus estimate predicts the revenue to be $4.87 billion, indicating a 83.44% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.1 per share and revenue of $19.36 billion. These totals would mark changes of +89.8% and +57%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for NIO Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 20.51% upward. As of now, NIO Inc. holds a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
The NIO stock might have corrected YTD, but that has only added to its attractiveness. The company's strong revenue growth and its turning profitable are the foundation for it. Despite fierce competition and a slowing Chinese EV market, NIO has posted notable revenue jumps, and price wars haven't deterred it from becoming profitable. While over the medium term, the stock's market multiples are a mixed bag, over both the short and long term, NIO looks good.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about NIO Inc. (NIO - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
NIO currently has an average brokerage recommendation (ABR) of 1.91, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 17 brokerage firms. An ABR of 1.91 approximates between Strong Buy and Buy.
Of the 17 recommendations that derive the current ABR, nine are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 52.9% and 11.8% of all recommendations.
Brokerage Recommendation Trends for NIO
Check price target & stock forecast for NIO here>>>
While the ABR calls for buying NIO, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Should You Invest in NIO?In terms of earnings estimate revisions for NIO, the Zacks Consensus Estimate for the current year has increased 20.5% over the past month to -$0.1.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for NIO. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for NIO may serve as a useful guide for investors.
NIO Inc. (NIO - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this company have returned -6.7%, compared to the Zacks S&P 500 composite's +1.7% change. During this period, the Zacks Automotive - Foreign industry, which NIO falls in, has gained 5.5%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, NIO is expected to post a loss of $0.07 per share, indicating a change of +78.1% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of -$0.1 points to a change of +89.8% from the prior year. Over the last 30 days, this estimate has changed +20.5%.
For the next fiscal year, the consensus earnings estimate of $0.07 indicates a change of +175% from what NIO is expected to report a year ago. Over the past month, the estimate has changed +48.3%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, NIO is rated Zacks Rank #1 (Strong Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of NIO, the consensus sales estimate of $4.87 billion for the current quarter points to a year-over-year change of +83.4%. The $19.36 billion and $22.92 billion estimates for the current and next fiscal years indicate changes of +57% and +18.4%, respectively.
Last Reported Results and Surprise HistoryNIO reported revenues of $3.7 billion in the last reported quarter, representing a year-over-year change of +123.2%. EPS of -$0.03 for the same period compares with -$0.45 a year ago.
Compared to the Zacks Consensus Estimate of $3.55 billion, the reported revenues represent a surprise of +4.28%. The EPS surprise was +87.5%.
Over the last four quarters, NIO surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
NIO is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about NIO. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
NIO Inc. (NIO - Free Report) closed at $4.49 in the latest trading session, marking a -3.23% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.05%. On the other hand, the Dow registered a gain of 0.46%, and the technology-centric Nasdaq decreased by 0.64%.
The company's shares have seen a decrease of 1.9% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 9.85% and falling behind the S&P 500's gain of 0.61%.
The investment community will be paying close attention to the earnings performance of NIO Inc. in its upcoming release. It is anticipated that the company will report an EPS of -$0.07, marking a 78.13% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.87 billion, up 83.44% from the year-ago period.
NIO's full-year Zacks Consensus Estimates are calling for earnings of -$0.1 per share and revenue of $19.36 billion. These results would represent year-over-year changes of +89.8% and +57%, respectively.
It is also important to note the recent changes to analyst estimates for NIO Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 20.51% higher. Currently, NIO Inc. is carrying a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 201, positioning it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Montreal, Quebec--(Newsfile Corp. - July 23, 2026) - Nio Strategic Metals Inc. (TSXV: NIO) (OTCQB: NIOCF) ("Nio" or the "Corporation"), a critical mineral exploration company, is pleased to announce that its common shares will begin trading on the OTCQB® Venture Market ("OTCQB") in the United States (U.S.) under the symbol "NIOCF" starting Friday, July 24, 2026. The Corporation's common shares will also continue to trade on the TSX-V under the symbol "NIO".
The Corporation's President and COO, Bruno Dumais, commented, "This listing on the OTCQB will improve access to Nio for U.S. investors. It is an important step in increasing our presence and visibility in the United States and will contribute to creating long-term shareholder value."
In conjunction with this listing, Nio will be meeting with U.S. investors.
The OTCQB Venture Market is designed for early-stage and developing U.S. and international corporations. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find real-time quotes and market information for the Corporation at www.otcmarkets.com/stock/NIOCF/quote.
About Nio Strategic Metals
Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The Corporation holds niobium and critical metals properties located in Oka and near Mont-Laurier in the Province of Québec.
For more information on the Corporation, please refer to the Corporation's public documents available on SEDAR+ (www.sedarplus.ca) or on the Corporation's website (https://niostratmet.com/) or contact:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (together, "forward looking statements") within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Nio Strategic Metals' annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although Nio Strategic Metals believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Nio Strategic Metals disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306369
Source: Nio Strategic Metals Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
NIO Inc. (NIO - Free Report) closed the most recent trading day at $4.88, moving -2.2% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 1.01%. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 1.4%.
Prior to today's trading, shares of the company had lost 0.6% was narrower than the Auto-Tires-Trucks sector's loss of 2.36% and lagged the S&P 500's gain of 0.32%.
Market participants will be closely following the financial results of NIO Inc. in its upcoming release. It is anticipated that the company will report an EPS of -$0.07, marking a 78.13% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.87 billion, up 83.44% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.1 per share and a revenue of $19.36 billion, signifying shifts of +89.8% and +57%, respectively, from the last year.
Any recent changes to analyst estimates for NIO Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 20.51% higher within the past month. NIO Inc. presently features a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 193, finds itself in the bottom 22% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
For Immediate ReleaseChicago, IL – July 15, 2026 – Today, Zacks Equity Research BYD Co Ltd (BYDDY - Free Report) , NIO Inc. (NIO - Free Report) and Yamaha Motor Co., Ltd. (YMHAY - Free Report)
The Zacks Automotive – Foreign industry is likely to remain challenging in the coming months. China's domestic auto demand continues to weaken despite strong export growth, while Europe's automakers face shrinking profits amid intense competition from Chinese rivals and slowing sales momentum. In Japan, recent sales gains have been supported by new model launches and tax incentives, but underlying demand remains weak due to economic pressures and cautious consumer spending.
Overall, global automakers are expected to operate in a mixed demand environment with persistent competitive and macroeconomic headwinds. Despite this backdrop, a few stocks like BYD Co Ltd, NIO Inc. and Yamaha Motor Co., Ltd. stand tall thanks to their strategic initiatives.
Industry OverviewCompanies in the Zacks Automotive – Foreign industry are involved in the design, manufacture and sale of vehicles, components and production systems. The industry is highly dependent on business cycles and overall economic conditions. China, Japan, Germany and India are among the leading automotive manufacturing countries.
The widespread adoption of advanced technologies is reshaping the industry, while stricter emission and fuel-efficiency norms, expanding charging infrastructure and supportive government policies are driving the adoption of green vehicles. As automakers intensify their electrification efforts, competition continues to increase. Companies are also investing heavily in the research and development of electric and autonomous vehicles, fuel-efficient technologies and low-emission solutions.
Key Investing ThemesChina Auto Sales Remain Weak: China's auto market continues to face pressure as weak consumer spending and a slowing economy weigh on domestic vehicle demand. Passenger vehicle sales declined for the ninth straight month in June, with first-half domestic sales falling 20.4% year over year to 8.8 million units, per China Passenger Car Association (CPCA), as cited in Reuters.
The slowdown has been particularly severe in the entry-level segment after government subsidies for lower-priced vehicles were reduced, hurting demand for both gasoline and electric models. To offset the weakness at home, Chinese automakers are increasingly relying on overseas markets, with vehicle exports surging 70.6% during the first half of the year. CPCA expects China's domestic auto sales to decline around 11% for the full year, highlighting the challenging demand environment.
Europe Auto Market Faces Profit Pressure: Europe's auto market posted a stronger-than-expected start to 2026, with vehicle sales rising nearly 6% in the first half, per GlobalData, as cited in Forbes. However, the sales growth has not translated into higher profitability for automakers. Intense competition from Chinese manufacturers, which benefit from lower production costs and stronger software capabilities, is forcing European companies to offer steep discounts, particularly on electric vehicles.
As a result, several major automakers have lowered profit forecasts or reduced production. Sales momentum is expected to weaken in the second half, with full-year growth projected to slow to around 1% or even turn negative. Rising geopolitical uncertainties and cautious consumer spending are likely to keep pressure on the European auto industry.
Japan Auto Demand Outlook Remains Soft: Japan's auto market recorded modest growth in the first half of 2026, with new vehicle sales rising 1.8% year over year, per Japan Automobile Dealers Association as cited in the Mainichi Japan. This was supported by a series of new model launches and the removal of the Environmental Performance Tax in April. June sales were particularly strong, increasing 8.6% from a year earlier.
Despite the improvement, the broader demand outlook remains weak. Slow economic growth, higher interest rates, rising living costs, and cautious consumer spending continue to weigh on vehicle purchases. As a result, industry forecasts remain subdued, with GlobalData expecting Japan's light vehicle sales to decline by more than 2% in 2026.
Zacks Industry Rank DiscouragingThe Zacks Automotive – Foreign industry within the broader Zacks Auto-Tires-Trucks sector currently carries a Zacks Industry Rank #202, which places it in the bottom 18% of more than 245 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates a dim near-term outlook. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Over the past year, the industry’s earnings estimates for 2026 have moved down 38.7%.
Before we present a couple of stocks that are still worth adding to your portfolio, let’s look at the industry’s recent stock market performance and current valuation.
Industry Lags Sector and S&P 500The Zacks Automotive – Foreign industry has underperformed the Auto, Tires and Truck sector and the Zacks S&P 500 composite over the past year. The industry has lost 18% against the S&P 500 and the sector’s growth of 26% and 23%, respectively.
Industry's Current ValuationSince automotive companies are debt-laden, it makes sense to value them based on the Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA) ratio.
Based on the trailing 12-month enterprise value to EBITDA (EV/EBITDA), the industry is currently trading at 10.15X compared with the S&P 500’s 18.75X and the sector’s 27.98X.
Over the past five years, the industry has traded as high as 12.71X, as low as 6.97X and at a median of 9.30X.
3 Stocks to BuyYamaha: Based in Japan, Yamaha engages in the manufacture and sale of motorcycles, automotive engines and transportation equipment. It is positioned for profit recovery as its restructuring efforts begin to bear fruit while demand across its core businesses improves. The company expects revenues to rise 5.3% and core operating profit to climb nearly 19% in fiscal 2027, driven by stronger product mix, higher volumes and production efficiencies.
Its musical instruments segment continues to gain traction through new product launches, growing guitar market share and an expected recovery in piano sales, while the audio equipment business is poised to return to growth as digital mixer, speaker and creator-focused product demand rebounds. Yamaha is also investing in long-term growth through India expansion, creator platforms and mobility audio, diversifying earnings beyond traditional hardware.
The Zacks Consensus Estimate for YMHAY’s fiscal 2026 EPS and sales implies year-over-year growth of 595% and 2%, respectively. The consensus mark for fiscal 2026 and 2027 EPS has moved up 29 cents and 11 cents, respectively, over the past 60 days. The stock sports a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
BYD: This China-based company remains one of the strongest long-term growth stories in the global EV market, backed by its technology leadership, cost advantages and expanding international footprint. The company delivered 557,090 battery-electric vehicles in the second quarter, reflecting resilient demand despite intensifying competition in China's EV market. BYD continues to strengthen its competitive edge through investments in next-generation Blade batteries, autonomous driving chips, LiDAR-equipped affordable EVs and ultra-fast charging technology.
Its vertically integrated business model—manufacturing nearly 80% of key components, including batteries and semiconductors—in-house, enables superior cost control and pricing flexibility during industry price wars. Overseas markets are becoming an increasingly important growth driver, with BYD targeting 1.6 million vehicle exports by 2026 after surpassing one million exports in 2025. The company's push into Europe's premium EV segment through the Denza brand further diversifies its growth opportunities and reduces dependence on China's increasingly competitive domestic market.
The Zacks Consensus Estimate for BYDDY’s 2026 and 2027 EPS implies year-over-year growth of 28% and 22%, respectively. The consensus mark for 2026 and 2027 EPS has moved up 1 cent each over the past 60 days. The stock carries a Zacks Rank #2 (Buy).
NIO: China’s NIO appears to be entering a stronger growth phase, supported by accelerating deliveries, an expanding product portfolio and improving profitability. The company delivered 107,658 vehicles in the second quarter of 2026, up 49.4% year over year, while June deliveries surged 62.9%, reflecting solid demand across its NIO, ONVO and Firefly brands. Its broadening lineup, including the recently launched flagship ES9, enables the company to target multiple customer segments while strengthening its presence in the premium EV market.
Beyond sales growth, NIO is improving operational efficiency through a more decentralized organizational structure, resulting in better cost control and improved vehicle margins. NIO's extensive battery-swapping network of nearly 4,000 stations remains a key competitive advantage, while its subscription-based driver assistance services could generate recurring high-margin revenue, reducing dependence on vehicle sales over the long term.
The Zacks Consensus Estimate for NIO’s 2026 and 2027 bottom line implies a year-over-year improvement of 86% and 137%, respectively. The consensus mark for 2026 and 2027 bottom line has improved by 41% and 600%, respectively, over the past 60 days. The stock carries a Zacks Rank #2.
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
NIO Inc. (NIO - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this company have returned -5.2% over the past month versus the Zacks S&P 500 composite's +1.3% change. The Zacks Automotive - Foreign industry, to which NIO belongs, has lost 2.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, NIO is expected to post a loss of $0.07 per share, indicating a change of +78.1% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of -$0.13 points to a change of +86.7% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $0.05 indicates a change of +137.2% from what NIO is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for NIO.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of NIO, the consensus sales estimate of $4.87 billion for the current quarter points to a year-over-year change of +83.4%. The $19.41 billion and $23.03 billion estimates for the current and next fiscal years indicate changes of +57.4% and +18.7%, respectively.
Last Reported Results and Surprise HistoryNIO reported revenues of $3.7 billion in the last reported quarter, representing a year-over-year change of +123.2%. EPS of -$0.03 for the same period compares with -$0.45 a year ago.
Compared to the Zacks Consensus Estimate of $3.55 billion, the reported revenues represent a surprise of +4.28%. The EPS surprise was +87.5%.
Over the last four quarters, NIO surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
NIO is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about NIO. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
