Citigroup reaffirmed its Buy rating on NIO but lowered the price target from $8.20 to $7.10 due to NIO's second-quarter deliveries and revenue missing company guidance and a third-quarter outlook below Wall Street estimates. Despite a 49.4% year-over-year increase in vehicle deliveries and improved vehicle and gross margins, revenue and profit figures fell short of expectations. The shares dropped about 4% following the report, reflecting concerns over near-term performance, competition, and rising costs. NIO expects modest sequential growth in Q3 deliveries and revenue, continuing the cautious outlook.
NIO Inc. announced strong year-over-year growth in vehicle deliveries and revenues for Q2 2026, along with improved margins compared to last year. However, the company missed its own guidance for both deliveries and revenue, partly due to cost pressu...
Nio reported its most profitable quarter in years with a 69.1% revenue increase and vehicle margins rising to 18.5%. However, shares fell 4% due to a warning about rising costs for batteries and memory chips, driven by AI infrastructure demand, expec...
NIO Inc. was upgraded to Hold following its Q2 results, which showed a 49.4% year-over-year increase in deliveries to around 107,000 units, driven by premium models ES8 and ES9. Gross profit surged 211% due to a better product mix and operational eff...
Nio Inc reported second-quarter revenue of RMB32.14 billion ($4.74 billion), missing Wall Street estimates of about $4.95 billion, causing shares to fall 2%. Despite the revenue miss, the company significantly narrowed its GAAP net loss to RMB528 mil...
