Shares of NIO Inc. (NIO) are up over 3% in pre-market trading on Thursday after the company reported stronger-than-expected Q1 results. NIO posted a first-quarter adjusted operating profit of ¥66.8 million ($9.7 million), marking the company’s second consecutive quarter of non-GAAP profitability. Meanwhile, revenue climbed 112.2% year-over-year to ¥25.53 billion, roughly in line with Wall Street expectations.
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NIO Achieves Strong Delivery Growth
NIO reported strong vehicle delivery growth and profitability, helped by rising demand for its high-margin ES8 model. In Q1, the company delivered 83,465 vehicles, up by 98.3% from a year earlier. Deliveries included 58,543 vehicles from the NIO brand, 13,339 from ONVO, and 11,583 from FIREFLY.
Looking ahead, CEO William Bin Li said Nio has entered a major product launch and delivery cycle and expects Q2 deliveries to reach between 110,000 and 115,000 vehicles. This marks a growth of up to nearly 60% year-over-year.
What Lies Ahead for NIO?
Looking ahead, NIO remains optimistic as new vehicle launches are expected to support future growth. In April, the company introduced the new ES9 flagship SUV and also launched the ONVO brand’s large five-seat SUV, the L80.
On April 9, 2026, NIO opened pre-orders for its new flagship SUV, the ES9. The vehicle is expected to officially launch and begin deliveries on May 27, 2026. NIO says the ES9 includes advanced technology, premium comfort, smart features, and strong safety capabilities aimed at setting a new standard for luxury electric SUVs.
Additionally, on April 28, 2026, Nio’s ONVO brand started pre-sales for the L80, a large five-seat SUV. Deliveries began shortly after its official launch on May 15.
Is NIO a Good Stock to Buy?
According to TipRanks, NIO stock has a Moderate Buy consensus rating based on four Buys and two Holds, and one Sell assigned in the last three months. At $6.21, NIO’s share price target implies a growth rate of over 11% on the current trading level.
