NIO's Q3 vehicle deliveries rise 25.4% YoY, driven by low-cost EV brands Onvo and Firefly.

NIO delivered 109,178 vehicles in Q3, marking a 25.4% increase year-over-year and outperforming key EV startup competitors. This growth is largely fueled by its low-cost Onvo and Firefly brands, which now account for 43% of deliveries, shifting the sales mix toward lower-margin models. Despite potential margin risks from this shift, NIO maintains strong gross margins and is valued attractively at 0.4x price-to-revenue. The company remains the fastest-growing and most affordable player in its peer group, supporting a 'Strong Buy' rating.

NIO shares are currently trading at USD 3.58 on Pluang, showing a 4.99% increase in the past day. As of Oct 11, 2026 10:41 WIB, the stock has a market cap of $8.65 billion and a strong buy interest with 94% of orders being buys.