New York, June 7, 2026, 18:04 (EDT)
NIO Inc. shares listed in the U.S. are on the back foot going into Monday, after Friday’s drop wiped out a recent rally tied to deliveries. Investors want to know if June sales will give the stock any support.
The ADR finished at $5.36 on Friday, off 5.8% for the day. Shares had surged 6.79% on Monday after NIO’s May delivery report, but the stock still closed the week down 4.3% from the previous Friday.
NIO is running out of time to reach its quarterly goal, with just one month to go. The company has guided for 110,000 to 115,000 deliveries in the second quarter. So far NIO reported 29,356 vehicles in April and 37,705 in May, leaving it with somewhere between 42,939 and 47,939 deliveries needed in June.
NIO reported May deliveries of 37,705 vehicles, up 62.3% from last year. That broke down to 20,013 NIO brand, 12,029 ONVO, and 5,663 FIREFLY vehicles. The company also started delivering the ONVO L80 on May 16, and began handing over the ES9 flagship SUV on May 28.
Tape was weaker into the weekend. MarketWatch reported NIO’s ADR dropped Friday along with the broader market. The Nasdaq Composite lost 4.18%. Dow Jones Industrial Average slid 1.35%.
NIO’s bullish story is more about scale and margins than just deliveries. The company reported first-quarter revenue jumped over 100% from the same period last year to RMB25.53 billion. Vehicle margin increased to 18.8%—last year it was 10.2%.
NIO founder and CEO William Bin Li said the company is now in an “intensive new product launch and delivery cycle.” CFO Stanley Yu Qu pointed to “continued improvement across all key operating metrics,” and said NIO kept positive adjusted operating profit—a non-GAAP metric excluding share-based pay and some other costs. NIO Inc.
XPeng reported May deliveries of 32,158, according to Barron’s, with Li Auto at 33,350. NIO led both on May numbers, but XPeng shares advanced after its result and Li Auto fell.
NIO may still struggle to turn more deliveries into higher prices. Li told Reuters last month the company is “focused primarily on China,” saying the country’s car market isn’t growing anymore, but is “a saturated market.” That could leave NIO vulnerable if pricing gets tougher or demand weakens in China. Reuters
Next week starts with the Monday open, which will be the first look after Friday’s risk-off trading. But what traders are really watching is the June pace—a weak pick-up from May could put the second-quarter outlook in question, despite the ES9 and L80 launches.
NIO shares whipsawed this week, jumping on faster deliveries before falling back. June’s numbers will take on more weight now.
