Overview
- Nio shares in Hong Kong rose more than 7% Monday after CEO William Li used the China EV 100 forum to restate a 40–50% delivery growth target for 2026 and describe a new “third stage” for the company.
- Citi raised its target on Nio’s Hong Kong shares to HK$58.60 in a fresh vote of confidence, while BOC International lifted its U.S. target to $14 and kept a Buy rating.
- The third‑generation ES8 posted 16,255 retail sales in March to lead China’s 400,000‑yuan‑plus segment for a fourth month, with 90,000 cumulative deliveries reached in 195 days.
- Nio opened pre‑sales for the ES9 flagship SUV at 528,000 yuan, positioned about 31% below the ET9, with an official launch expected in late May and first deliveries set for June 1.
- Operations and finances improved with Q1 deliveries up 98.3% year over year and 2025 revenue up 33% to 87.49 billion yuan as net losses narrowed to 15.57 billion yuan.