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.
Shares of Nio (NYSE:NIO | NIO Price Prediction) are down 7% on Friday morning, an unusual reaction to a quarter that, on paper, marked a genuine turning point for the Chinese EV maker.
NIO Inc (NYSE:NIO) reported first quarter results which showed a return to adjusted profitability and sharply higher revenue, driven by stronger vehicle sales and improved margins. The Chinese electric vehicle maker posted adjusted earnings per share of RMB 0.02 (about US$0.003), compared with analyst expectations for a loss of RMB 0.34 per share.
NIO NYSE: NIO reported sharply higher first-quarter deliveries and revenue, with management pointing to stronger margins, a broader product cycle and continued investment in battery-electric vehicle technology as key themes for 2026.
NIO sales rose 112% year over year in the first quarter.
Chinese EV maker NIO's sales doubled in the first quarter, but that wasn't enough to stop it from returning to a net loss after posting its first-ever profit at the end of last year.
NIO heads into Q1 earnings with surging deliveries, strong product momentum and global expansion plans fueling optimism.
In the closing of the recent trading day, NIO Inc. (NIO) stood at $6.25, denoting a -4.43% move from the preceding trading day.
Nio stock price jumped by over 4.4% in Hong Kong today, May 14, mirroring its performance in Wall Street a day earlier. It jumped to H$50.45, its highest level in two weeks, and is up by over 45% from its lowest point this year.