- Nio delivered 27,182 vehicles in January, marking a 96.08% year-on-year increase, though down 43.53% from December.
- The growth was driven by strong performance from the Nio main brand, particularly the ES8 SUV.
Nio Inc (NYSE: NIO, HKG: 9866) doubled its deliveries last month compared to the same period last year, driven by robust performance from its Nio main brand, particularly the ES8 SUV (sport utility vehicle).
The Chinese electric vehicle (EV) maker delivered 27,182 vehicles in January, a 96.08% year-on-year increase, though down 43.53% from December, according to data released today.
Year-end typically marks a peak in China's auto sales, while the beginning of the year often sees seasonal weakness.
Compounding January's challenges, the scaling back of supportive policies in China as 2026 begins has introduced new pressures for the new energy vehicle (NEV) sector.
Nio management noted during a November 2025 earnings call that Onvo sales began feeling the impact of stimulus policy tapering in November, while the Nio main brand demonstrated relative resilience.
The Nio main brand delivered 20,894 vehicles in January, a 162.78% year-on-year increase, though down 34.50% from December.
The Onvo sub-brand, targeting the family car market, delivered 3,481 vehicles, down 41.12% year-on-year and down 61.97% month-on-month.
The small EV brand Firefly delivered 2,807 vehicles in January, a 60.38% decline from December.
Earlier on Sunday, Nio delivered its 60,000th third-generation ES8, just two weeks after reaching the 50,000th unit.
Nio officially launched the third-generation ES8 at Nio Day 2025 on September 20, 2025, with deliveries commencing the following day on September 21.
The SUV model reached its 40,000th delivery on December 29, 2025, fulfilling its full-year delivery target.
The company today launched a 7-year low-interest financing plan for car purchases, joining Tesla (NASDAQ: TSLA) and local competitors in their promotional efforts.
