NEW YORK, July 19, 2026, 12:14 p.m. EDT
- U.S. cash equity markets were shut on Sunday. NIO finished Friday at $4.88, up 2.1% for the week.
- NIO reported that NX9031X chip shipments surpassed 300,000 units, with the chips used in both NIO and Onvo vehicles.
- The disclosed financing terms indicate a post-money valuation of RMB8.27 billion for Shenji, based on illustrative calculations.
NIO NYSE:NIO reported that its chip division has delivered over 300,000 NX9031X assisted-driving processors. The update offers investors additional performance metrics besides monthly vehicle sales.
The company referenced deployments in NIO and Onvo models during Shanghai’s WAIC conference. The event summary did not identify any external customers or disclose chip-related revenue. This lack of detail is significant as Shenji pursues broader AI markets.
February’s disclosed financing terms offer investors a valuation benchmark. Investors committed RMB2.257 billion in exchange for a 27.3% share. This reflects a post-money valuation of RMB8.27 billion.
Based on those figures, NIO’s 62.7% stake would represent an implied value of RMB5.18 billion. Both values are illustrative and not actual market prices.
NIO invested RMB1.885 billion in research and development in the first quarter. The chip stake’s implied worth is roughly 2.7 times that amount. This comparison is approximate, as overall R&D also covers non-chip projects. External sales may help distribute chip development expenses over a greater volume of units.
U.S. cash equity markets did not open on Sunday due to the weekend. NIO ADRs finished Friday at $4.88, slipping 2.2%. Shares rose 2.1% since the July 10 close.
Goldman Sachs NYSE:GS analyst Tina Hou raised her rating on NIO to Buy on Monday. She set a price target of $7, suggesting a 43.4% gain from Friday’s closing price. By Friday, the stock gave back one-third of Monday’s 15-cent increase.
All three U.S.-listed Chinese EV makers posted gains for the week. The table provides July 10 and July 17 closing prices.
| Company | July 17 close | Friday move | Week change |
|---|---|---|---|
| NIO NYSE:NIO | $4.88 | fell 2.2% | rose 2.1% |
| XPeng NYSE:XPEV | $13.53 | dropped 3.6% | gained 3.8% |
| Li Auto NASDAQ:LI | $12.39 | lost 3.7% | added 2.4% |
Data covers the period between the July 10 close and the July 17 close.
NIO underperformed its closest rivals throughout the week and ended the period below its Monday close of $4.93.
NIO reported second-quarter deliveries of 107,658 vehicles, marking a 49.4% increase from a year earlier. However, this figure was 2.1% below the company’s preliminary May forecast of at least 110,000 units.
Profitability continues to challenge the larger investment outlook. Vehicle margin climbed by 70 basis points quarter-on-quarter in the first quarter, to 18.8%. Adjusted operating profit, measured on a non-GAAP basis, was RMB66.8 million. Chief Financial Officer Stanley Yu Qu stated that margin was “improving quarter-over-quarter for four consecutive quarters.” NIO Inc.
U.S. cash markets will reopen for regular trading at 9:30 a.m. EDT on Monday. Tesla NASDAQ:TSLA is due to announce its second-quarter results after the market closes on Wednesday, July 22. Options markets are pricing in an approximate 7% swing in either direction.
Risks: Shenji’s event disclosure did not include a figure for outside revenue. NIO reported a GAAP operating loss of RMB308.8 million in the first quarter.
How markets respond on Monday will be the initial gauge of Shenji’s sales strategy to outside clients. The chip arm currently has scale but has yet to reveal any revenue figures.
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