- Nio’s Hong Kong-listed shares fell to their lowest since July 2025. The company is set to report second-quarter results hours later.
- Nio Inc’s August deliveries rose 14.5% year-on-year, but Onvo’s fell 46.4%.
Nio Inc’s (NYSE: NIO; HKEX: 9866) Hong Kong-listed shares plunged on Tuesday, after the company released its August delivery figures ahead of its earnings report, sparking investor concerns.
As of press time, Nio’s Hong Kong shares were down 9.16% at HK$30.14, their lowest since July 2025. The stock had tumbled more than 10% at one point in afternoon trading.
The company said during the Hong Kong market’s midday break that it delivered 35,836 vehicles in August, up 14.47% year-on-year but down 0.27% from July.
It marked the second consecutive month of a sequential decline for Nio Inc, even as its monthly total remained above 35,000 vehicles for the fourth straight month.
Nio Inc Monthly Deliveries 2024-2026
Month
2024
2025
2026
January
10,055
13,863
27,182
February
8,132
13,192
20,797
March
11,866
15,039
35,486
April
15,620
23,900
29,356
May
20,544
23,231
37,705
June
21,209
24,925
40,597
July
20,498
21,017
35,934
August
20,176
31,305
35,836
September
21,181
34,749
October
20,976
40,397
November
20,575
36,275
December
31,138
48,135
Nio Inc monthly deliveries
2024
2025
2026
Strong growth at the main Nio brand remained the biggest bright spot. The brand delivered 21,174 vehicles, up 101.18% year-on-year and 5.83% from July.
The brand accounted for 59.09% of the company’s deliveries in August, up from 33.62% a year earlier, data compiled by CnEVPost show.
Nio Brand Monthly Deliveries 2024-2026
Month
2024
2025
2026
January
10,055
7,951
20,894
February
8,132
9,143
15,159
March
11,866
10,219
22,490
April
15,620
19,269
19,024
May
20,544
13,270
20,013
June
21,209
14,593
21,908
July
20,498
12,675
20,008
August
20,176
10,525
21,174
September
20,349
13,728
October
16,657
17,143
November
15,493
18,393
December
20,610
31,897
Nio brand monthly deliveries
2024
2025
2026
However, the family-oriented Onvo brand remained under pressure, delivering 8,810 vehicles in August, down 46.39% year-on-year and 13.24% from July.
It marked Onvo’s third consecutive month of sequential decline, while its contribution to Nio Inc’s deliveries fell to 24.58% from 52.50% a year earlier.
Onvo Monthly Deliveries 2024-2026
Month
2024
2025
2026
January
5,912
3,481
February
4,049
2,981
March
4,820
6,877
April
4,400
5,352
May
6,281
12,029
June
6,400
11,743
July
5,976
10,155
August
16,434
8,810
September
832
15,246
October
4,319
17,342
November
5,082
11,794
December
10,528
9,154
Onvo monthly deliveries
2024
2025
2026
Firefly delivered 5,852 vehicles, up 34.65% year-on-year and 1.40% from July, accounting for 16.33% of the company’s monthly total.
The share-price decline suggests that, with overall deliveries remaining elevated, investors may be focusing more on Onvo’s sales trajectory and the execution of Nio’s multi-brand strategy.
Nio is also scheduled to release its second-quarter results before the US market opens in a few hours.
The company delivered 107,658 vehicles in the quarter, up 49.4% year-on-year but below its guidance range of 110,000 to 115,000 units.
A key focus will be whether Nio achieved non-GAAP profitability and management’s latest assessment of its profitability targets for the third quarter and full year.
Nio posted an adjusted profit from operations in the first quarter, while its overall gross margin rose to 19.0%, the highest in 4 years.
Nio Inc delivered 262,893 vehicles in the first 8 months of the year, up 57.92% year-on-year. Still, the shift in its brand mix in August may make the quality of growth a focus on the earnings call.
Nio Inc delivered 35,836 vehicles in August, topping 35,000 for the fourth consecutive month despite a slight sequential decline.
