New York, Jan 5, 2026, 08:39 EST — Premarket
- NIO’s U.S.-listed shares were down 2.3% at $5.02 in premarket trade.
- The company is set to hold a Jan. 6 roll-off ceremony for its 1,000,000th production vehicle in Hefei, Chinese media and industry outlets reported.
- NIO’s latest reported December deliveries hit a record 48,135 vehicles, with 2025 deliveries up 46.9% to 326,028.
NIO Inc shares slipped in premarket trading — before the New York open — as investors digested the electric-vehicle maker’s coming production milestone. The stock was last down 2.3% at $5.02 after closing Friday at $5.14.
The timing matters because early January delivery tallies are the first hard datapoint for China’s EV makers in the new year, often shaping expectations for pricing and factory utilization. For NIO, the market is weighing whether a strong finish to 2025 can carry into 2026 without worsening margin pressure.
Investors are also looking past the headline milestone to the harder question: can NIO translate scale into cash generation. The stock’s pullback puts extra focus on near-term catalysts, including management commentary around cost control and the pace of its multi-brand rollout.
NIO has said it will hold a roll-off ceremony on Jan. 6 at its Xinqiao Plant 2 for its millionth production car, which would make it the third among China’s newer EV makers to reach the mark after Li Auto and Leapmotor, Gasgoo reported.
Operationally, the company ended 2025 with record December deliveries of 48,135 vehicles and fourth-quarter deliveries of 124,807, according to its latest reported update. Full-year 2025 deliveries totaled 326,028, up 46.9% from a year earlier, with cumulative deliveries nearing one million at 997,592.
Gasgoo said the premium NIO brand delivered 178,806 vehicles in 2025, while Onvo — positioned for families — delivered 107,808, and Firefly delivered 39,414. The mix is closely watched because lower-priced models can boost volume but often intensify margin and marketing demands.
The production milestone also lands as peers publish year-end figures. Li Auto delivered 44,246 vehicles in December and said cumulative deliveries reached 1,540,215, while XPeng reported full-year deliveries of 429,445, Gasgoo reported.
In a New Year internal letter described by ChinaEVHome, NIO chief executive William Li said the company “will shortly achieve the milestone of its 1,000,000th mass-produced vehicle rolling off the line.” ChinaEVHome
From a market perspective, the stock remains pinned near the $5 level, a psychological area traders often treat as near-term support. Investing.com data showed NIO’s 52-week range at roughly $3.02 to $8.02, and an average 12-month price target around $6.74 — a reminder that sentiment remains mixed despite the delivery rebound.
But scale does not guarantee profit in China’s EV market, where aggressive discounting and fast product cycles can erode pricing power and raise spending on sales and service networks. A stumble in demand, or higher-than-expected costs tied to new brands and expansion, would likely hit the stock harder at current levels.
