NIO Inc.
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Range $5 – $7
Price Chart
About the company
NIO Inc. , a company based in Shanghai, China, specializes in the design, development, production, and sale of intelligent electric vehicles. Their product range includes five and six-seater electric SUVs, alongside smart electric sedans.
- CEO
- Bin Li
- IPO
- 2018
- Employees
- 35,032
- HQ
- Shanghai, SH, CN
AI snapshot
Six angles, distilled from the data.
The stock remains in a long downtrend, still well below its 200-day average of 4.85 and under the 50-day average of 3.50. It is trading near the lower end of its 52-week range, with the cycle still defined by repair rather than momentum.
Street sentiment is constructive but cautious: consensus is Buy, with 12 Buy, 10 Hold, and 2 Sell ratings. The average target sits at 6.23, above the current share price, though recent revisions have trimmed targets from 7.00 toward 6.10 and 5.00.
The setup favors another loss, but the bar is not high after a string of EPS beats in 5 of the last 7 quarters. Next-year EPS is modeled to improve to 0.8316 from a TTM loss of 0.25, so shareholders should watch for margin progress and delivery leverage.
No discretionary insider buying or selling stands out. Recent filings are dominated by exempt and other award-related transactions for directors and executives, which read as compensation or administrative activity rather than a directional signal.
Profitability is still weak, but operating trends are improving from a low base. Gross margin is 17.4%, while revenue grew 69.1% year over year; net margin remains negative at -4.17% and ROE is -45.32%.
NIO’s appeal is its EV and battery-swap ecosystem, but the market is still discounting execution risk versus more established auto peers. On valuation, it screens below the 6.23 consensus target and trades at a negative earnings multiple, leaving room if profitability keeps improving.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $7.72B
- P/E
- -10.47
- Fwd P/E
- 8.82
- PEG
- -0.05
- P/S
- 0.45
- P/B
- 13.40
- EV/EBITDA
- -12.96
- Div Yield
- 0.00%
- Gross Margin
- 17.41%
- Op Margin
- -3.51%
- Net Margin
- -3.88%
- ROE
- -108.58%
- ROIC
- -6.70%
Latest fiscal year · YoY change
- Revenue
- $87.49B+33.1%
- Gross Profit
- $11.92B+83.5%
- Op Income
- $-14,041,238,000
- Net Income
- $-14,960,820,998+34.0%
- EPS
- $-6.85+37.9%
- OCF Growth
- +138.1%
- FCF Growth
- +81.9%
- 52W High
- $7.00
- 52W Low
- $3.10
- 50D MA
- $3.48
- 200D MA
- $4.84
- Beta
- 0.90
- RSI (14)
- 43
- Avg Volume
- 33.50M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
NIO posted strong Q2 growth, returned to profitability on an adjusted basis, and said premium flagship demand plus cost control support a stronger second half.· September 1, 2026
- Q2 deliveries rose to 107,658 vehicles, up 49.4% year over year, with growth across NIO, ONVO and FIREFLY.
- Revenue reached RMB 32.1 billion, up 69.1% year over year, while gross margin improved to 18.4% and vehicle margin was 18.5%.
- The company reported non-GAAP operating profit and adjusted net profit, and ended Q2 with RMB 56.7 billion in cash and investments.
- Management said Q3 deliveries are expected to be 108,000 to 111,000 units, and Q4 targets average monthly volume above 40,000 units.
- Executives emphasized flagship SUV demand, broader brand recognition, and continued expansion of swap, charging, and service infrastructure.
Q2 2026 revenue was RMB 32.1 billion, up 69.1% year over year and 25.9% quarter over quarter. Vehicle sales were RMB 29.1 billion, up 80.1% year over year and 27.5% quarter over quarter; other sales were RMB 3.1 billion, up 7.2% year over year and 12% quarter over quarter. Gross margin was 18.4% versus 10% a year ago and 19% last quarter; vehicle margin was 18.5% versus 10.3% a year ago and 18.8% last quarter. R&D was RMB 2.1 billion, SG&A was RMB 4.4 billion, loss from operations was RMB 0.3 billion, and net loss was RMB 0.5 billion; excluding share-based compensation, adjusted operating profit was RMB 0.2 billion and adjusted net profit was RMB 26.1 million. Cash and cash equivalents, restricted cash, short-term investments and long-term time deposits totaled RMB 56.7 billion. For Q3, deliveries are expected to be 108,000 to 111,000 units. Management said Q4 target is an average of over 40,000 units per month, and mid- to long-term annual volume growth should be around 40% to 50%.
William Li framed the quarter as evidence that NIO’s premium BEV strategy is lining up with a market moving toward brand-led competition and system capability. He highlighted strong demand for the ES8 and ES9, meaningful growth for ONVO and FIREFLY, and the rollout of the latest NIO WorldModel to over 700,000 users. His tone was confident and focused on long-term positioning, saying the company is aligned with industry evolution and is confident in meeting operating targets.
Stanley Qu said revenue growth came from higher deliveries and a better product mix, while gross margin improvement was supported by more favorable mix despite rising raw materials and chip costs. He noted vehicle margin held at 18.5% and said the company continued to generate positive operating cash flow and free cash flow, lifting total cash to RMB 56.7 billion. On outlook, he said material costs could rise another RMB 2,000 to RMB 3,000 and that management aims to keep vehicle gross margin around Q2 levels in Q3 and Q4; CapEx is expected to be roughly RMB 6 billion to RMB 7 billion for the full year, and SG&A as a percentage of revenue should be around 10% to 11% in the second half.
Analysts pressed management on whether ES8 and ES9 demand is sustainable, and Li said demand remains strong, with ES9 orders still requiring a 3- to 4-month wait and about 3/4 of ES9 users coming from outside the existing NIO base. Questions on ONVO’s softer momentum led Li to say the brand is still early in building awareness and that NIO will expand Sky stores, targeted marketing, and new products while preserving ONVO’s premium family positioning. Management also addressed cost pressure, saying Q2 vehicle cost impact was about RMB 14,000 per car and that they expect another RMB 2,000 to RMB 3,000 increase, but believe pricing discipline and supply-chain optimization can protect margins.
The call showed meaningful scale-up, with deliveries, revenue, margins, and cash all improving, and management saying the business is already generating positive operating and free cash flow. NIO also sees strong traction in its flagship SUVs and believes its charging, swapping, and service network plus brand strength create a defensible premium position.
Management acknowledged ongoing cost inflation in memory chips, batteries, and other materials, with another RMB 2,000 to RMB 3,000 of cost pressure expected. ONVO is still facing an awareness challenge in a crowded market, and management said Q2 SG&A was lifted by about RMB 500 million of one-off launch-related expense, showing near-term execution costs remain high.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 80.5%
- Shares Outstanding
- 2.36B
- Float Shares
- 1.90B
of shares held by institutions
475 13F filers
Buy/sell ratio 1.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for NIO, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Thomas SuozziHouse · NY03 | Buy | Sep 2, 20 | Filing → |
| Thomas SuozziHouse · NY03 | Buy | Oct 5, 20 | Filing → |
| Thomas SuozziHouse · NY03 | Sell | May 20, 21 | Filing → |
| Pete SessionsHouse · TX17 | Buy | Jan 20, 21 | Filing → |
| Brian Jeffrey MastHouse · FL18 | Sell | Jul 2, 20 | Filing → |
| Brian Jeffrey MastHouse · FL18 | Sell | Jul 6, 20 | Filing → |
| Brenda L. LawrenceHouse · MI14 | Buy | Mar 14, 19 | Filing → |
| Brian Jeffrey MastHouse · FL18 | Buy | Mar 15, 19 | Filing → |
| Brian Jeffrey MastHouse · FL18 | Buy | Feb 28, 19 | Filing → |
| Brian Jeffrey MastHouse · FL18 | Buy | Feb 27, 19 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Morgan Stanley | 27.41M | ▲ 12.69M |
| Ubs Group AG | 19.27M | ▲ 6.92M |
| Bank Of America Corp | 19.00M | ▲ 4.77M |
| D. E. Shaw & Co., Inc. | 18.20M | ▼ 20.12M |
| Renaissance Technologies LLC | 16.16M | ▲ 1.71M |
| Goldman Sachs Group Inc | 15.45M | ▲ 1.66M |
| Aspex Management (Hk) Ltd | 13.14M | 0 |
| Bnp Paribas Financial Markets | 12.40M | ▼ 944.26K |
| Blackrock, Inc. | 9.46M | ▼ 1.27M |
| Two Sigma Investments, LP | 9.03M | ▼ 4.30M |
| Citadel Advisors LLC | 8.76M | ▼ 4.48M |
| Susquehanna International Group, Llp | 8.29M | ▲ 6.04M |
Held by 61 ETFs
Biggest fund positions in NIO by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Nov 6, 26 | Wen Yonggang | other | 78,003 |
| Nov 6, 26 | Wen Yonggang | other | 78,003 |
| Nov 6, 26 | Long Annabelle Yu | other | 85,803 |
| Nov 6, 26 | Long Annabelle Yu | other | 85,803 |
| Nov 6, 26 | Wu Hai (Hector) | other | 85,803 |
| Nov 6, 26 | Wu Hai (Hector) | other | 85,803 |
| Sep 12, 26 | Lee Denny Ting Bun | other | 131,869 |
| Sep 12, 26 | Lee Denny Ting Bun | other | 131,869 |
| Sep 1, 26 | Qin Lihong | other | 300,000 |
| Sep 1, 26 | Qin Lihong | other | 300,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our NIO coverage
Recent articles, reports, and earnings notes.

NIO Inc. (NIO): Turnaround Gains Traction, But Risks Remain
NIO is showing a real operating inflection with surging deliveries, improving margins, and positive adjusted operating profit. But heavy losses, a stretched balance sheet, and a rich valuation keep the stock in Hold territory.

Rivian’s R2 story just got real—and that’s exactly why the stock is getting punished
Rivian’s R2 launch is finally moving from story stock fuel to an execution exam, and the market is reacting accordingly. A company with a negative 1.7% gross margin and fresh workforce cuts tied to profitability does not get the benefit of the doubt on a major volume ramp.

Einride AB IPO Preview: Autonomous Freight Meets SPAC Risk
Einride AB American Depositary Shares are expected to list on NASDAQ on 2026-06-10 under ticker ENRD, but the price range has not been disclosed. The deal is a SPAC business combination with Legato Merger Corp. III, so the key watch item is how the market values a capital-intensive autonomy story with real revenue but heavy execution risk.
Want a deeper read on NIO?
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed November 11, 2026 · Live quote · Not investment advice