Nio Climbs to Four-Month High After First Profit Spurs Wave of Upgrades
Upbeat guidance paired with rising vehicle margins signals to investors that Nio’s turnaround is taking hold.
Overview
- Nio’s U.S.-listed shares hit a four-month high, rising nearly 6% Friday to $5.86 and touching $6.21 Monday after upgrades from HSBC and Nomura.
- Nio posted its first quarterly net profit of 282.7 million yuan on revenue of 34.65 billion yuan, with fourth-quarter deliveries up 72% year over year to 124,807 vehicles.
- For the first quarter, the company guided 80,000–83,000 deliveries and 24.48–25.18 billion yuan in revenue, both above consensus forecasts.
- Vehicle gross margin improved to 18.1%, aided by higher volumes, a richer model mix including the ES8, and tighter cost controls, with analysts pointing to further support from upcoming launches such as the ES9 in April.
- Nio’s board approved a large performance‑tied RSU award for CEO William Li linked to 40–50% annual growth targets, and the company reports cash reserves exceeding $5 billion alongside an extensive battery‑swap network.