- Nio's Hong Kong-traded shares jumped about 10% as of press time.
- Nio is set to report its March delivery figures and prepare to update four models on Thursday.
Shares of Nio Inc surged on Wednesday as the market anticipated strong March delivery figures and an intensive lineup of upcoming product launches from the company.
As of press time, Nio's Hong Kong-traded stock had jumped about 10% to HK$48.22 per share.
The market is closely awaiting the company's March delivery numbers, which are expected to be released later today.
According to the delivery guidance in last month's earnings report, Nio's first-quarter vehicle deliveries will range between 80,000 and 83,000 units.
This implies that Nio's March deliveries are expected to reach 32,021 to 35,021 vehicles, doubling the 15,039 units delivered in the same period last year.
Local peer Leapmotor delivered 50,029 vehicles in March, up 34.87% year-on-year and up 78.25% month-on-month, according to data released earlier today.
As of press time, Leapmotor shares were up 6.55%.
The rally in Nio's stock was also fueled by market expectations for new model roll-outs.
The company will officially launch the 2026 editions of the ES6, EC6, ET5, and ET5 Touring on Thursday, April 2. These four models are collectively referred to by Nio as the "5566" lineup.
The company said that they will feature comprehensive upgrades in design, configurations, and smart driving experiences.
Targeting the market of around 300,000 yuan ($43,590), these lower-priced models had been the main sales drivers for the Nio brand over the past few years.
However, the third-generation ES8 has unexpectedly become Nio's new sales pillar. The flagship SUV, with a starting price of 406,800 yuan, has shown strong performance since its launch last September.
Nio will see the 90,000th delivery of the third-generation ES8 this week, an executive said yesterday. This implies that nearly 20,000 ES8s were delivered in March.
In addition to the updated 5566 models, the company is preparing to launch a new flagship SUV, the ES9, in the second quarter.
A technology launch event for the ES9 will be held on April 9, followed by its official market launch in May.
Nio plans to launch the five-seat version of the ES8 in early July, Qin Lihong, the company's co-founder and president, said at an event in Shenzhen last month.
Furthermore, Nio's sub-brand Onvo is set to launch the L80 large SUV in May.
($1 = 6.8827 yuan)
