NIO's May deliveries surge 62.3% Y/Y to 37,705 vehicles as new ONVO and ES9 launches support its Q2 goal of 110,000-115,000 deliveries.
The Chinese electric vehicle (EV) company Nio (NYSE: NIO) has reached another milestone in 2026 with its May deliveries report, which featured a substantial 28.4% month-over-month (MoM) increase and an impressive 62.3% year-over-year (YoY) increase.
Shares of Nio (NYSE:NIO | NIO Price Prediction) are up 7% in midday trading Monday, changing hands near $6 after the Chinese EV maker posted blowout May delivery numbers.
Nio (NYSE: NIO) stock price jumped on Monday, continuing a recovery that started late last month when it bottomed at $5.10. It jumped to a high of $6, its highest point since May 15 this year, helped by its strong vehicle delivery numbers.
NIO's deliveries jumped 62% in May as new models gain traction, boosting margins and fueling hopes that its path to profitability can continue.
NIO Inc. (NIO) is rated Buy, supported by strong delivery growth, improving profitability, and robust cash reserves. Q1 2026 saw vehicle gross margins rise to 18.8%, positive non-GAAP net income, and SG&A reduced by over 20% YoY. The ES9 flagship EV launch at aggressive pricing is driving strong pre-orders and positions NIO to capture greater Chinese EV market share.
China's auto industry has likely moved past its "golden era", NIO Chief Executive William Li said on Thursday, as a downturn in domestic car sales extended into May.
Shares of Nio (NYSE:NIO | NIO Price Prediction) are up 10% in midday trading Wednesday, lifting the stock to $5.75 from a prior close of $5.26.
European firms largely kept or expanded China supply chains despite de-risking efforts. Automation and lower costs strengthened China's manufacturing advantage.
NIO stock slipped after the Chinese electric-vehicle maker reported a quarter that looked strong enough to win over sceptics. The company posted its second straight quarter of adjusted profitability, revenue more than doubled from a year earlier, and deliveries nearly doubled.
NIO tops Q1 estimates as deliveries nearly double, margins surge and the EV maker forecasts stronger Q2 revenue and vehicle growth.
NIO submitted a strong Q1'26 earnings report last week, with 83,465 vehicles delivered in the first quarter and consecutive non-GAAP operating profitability. NIO's Q1 vehicle margin improved to 18.8%, positioning NIO at the high end of start-up EV peers, above XPeng and Li Auto's last reported margins. Despite operational improvements, NIO trades at a depressed 0.56X forward price-to-revenue, making it the lowest-valued Chinese EV enterprise in its group.