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NIO Inc. Class A ( (HK:9866) ) has shared an update.
NIO reported unaudited first-quarter 2026 results showing vehicle deliveries of 83,465 units, nearly doubling from a year earlier but down sharply from the prior quarter as the company cycled a strong Q4. The deliveries were spread across its NIO, ONVO and FIREFLY brands, underscoring its multi-brand strategy in the competitive smart EV market.
Quarterly vehicle sales reached RMB22.8 billion, up 129.2% year-on-year despite a sequential decline, while total revenues rose 112.2% to RMB25.5 billion and vehicle margin improved to 18.8% from 10.2% a year ago. The combination of strong year-on-year revenue growth and margin expansion, even amid quarter-on-quarter softness, signals ongoing scale gains and improving profitability that will be closely watched by investors and industry rivals.
The most recent analyst rating on (HK:9866) stock is a Buy with a HK$58.00 price target. To see the full list of analyst forecasts on NIO Inc. Class A stock, see the HK:9866 Stock Forecast page.
More about NIO Inc. Class A
NIO Inc. is a Cayman Islands-incorporated company and a leading player in the global smart electric vehicle market, with shares listed in Hong Kong, New York and Singapore under a weighted voting rights structure. The company operates multiple EV brands, including its flagship NIO line as well as ONVO and FIREFLY, targeting different customer segments in the expanding electric mobility sector.
Average Trading Volume: 6,357,021
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$109B
For a thorough assessment of 9866 stock, go to TipRanks’ Stock Analysis page.