NEW YORK, December 30, 2025, 10:07 ET
- Nio’s U.S.-listed shares rose about 4.7% on Monday and were indicated higher early Tuesday after CEO William Li said fourth-quarter vehicle sales should top 30 billion yuan.
- The automaker’s Hong Kong-listed shares climbed 4.9% on Monday; Nio’s latest guidance calls for 120,000–125,000 vehicle deliveries in the quarter, below an earlier 150,000-unit target.
- The move stood out in thin year-end trading after Wall Street’s major indexes ended lower on Monday as large tech stocks slipped.
Nio’s U.S.-listed shares climbed nearly 5% on Monday and were indicated higher on Tuesday after the Chinese electric-vehicle maker’s CEO said fourth-quarter vehicle sales should exceed 30 billion yuan ($4.27 billion).
The comments matter now because investors are looking for clearer signs that demand is holding up into the year-end period, when automakers often lean on incentives to move inventory. Nio has also trimmed its delivery ambitions for the quarter, sharpening the focus on execution in the final days of 2025.
The stock’s rise came against a softer backdrop for equities. Wall Street’s main indexes ended lower on Monday, weighed down by declines in heavyweight technology shares ahead of the New Year holiday.
Li made the remarks during an offline customer event in China, according to EV, a news blog covering the sector. Asked about the company’s sales outlook, he said it “should exceed 30 billion yuan.” EV
In Hong Kong, Nio shares jumped 4.89% on Monday to HK$40.32, EV reported. In the United States, Nio’s American depositary receipts (ADRs) — U.S.-traded certificates representing shares in a foreign company — rose 4.71% to close at $5.34, MarketWatch data showed.
The 30 billion yuan figure implies a sharp sequential pickup in the “vehicle sales” line — revenue tied to cars delivered — from the third quarter. Nio reported third-quarter vehicle sales of 19.202 billion yuan on deliveries of 87,071 vehicles, EV reported. EV
Nio’s official fourth-quarter guidance, issued with its third-quarter results, calls for total revenue of 32.758 billion yuan to 34.039 billion yuan. The company also expects deliveries of 120,000 to 125,000 vehicles, down from a previous 150,000-unit target, EV reported.
Investors are also watching whether Nio can protect margins as it ramps volume. EV cited a report from Chinese outlet 36kr saying Nio plans to lean more on batteries from Contemporary Amperex Technology (CATL), the world’s largest battery maker and a Nio investor.
Li’s comments come as Nio pushes newer models in a crowded China EV market. EV said the company recently delivered its 40,000th ES8, its third-generation sport-utility vehicle that launched in September.
Broader markets offered little help. The S&P 500 fell 0.35% on Monday and the Nasdaq slid 0.50% as tech and AI-linked names weakened, Reuters reported; Tesla fell 3.3% after hitting a record high last week.
Even with the latest pop, Nio’s ADR remains well below its recent highs. The stock is about 33% under its 52-week high of $8.02 set on Oct. 2, and Monday’s volume ran above its 50-day average, MarketWatch data showed.
The fourth quarter ends this week, leaving little time for the company to turn upbeat commentary into reported results. Investors are likely to stay focused on whether Nio can match its delivery range while lifting vehicle revenue into the level Li described.
