HU-NIO @EC2703A

NIO's Qin Lihong Interprets Shenji NX9031 Chip: Installations Exceed 250,000 Units

NIO's Qin Lihong Interprets Shenji NX9031 Chip: Emphasizes Hard Core Standards, Installations Exceed 250,000

NIO Onvo L80 Launched at 242,800 RMB, Qin Lihong Cites Pragmatic Strategy

NIO receives average 'Hold' rating from 13 brokerages with $6.80 target price

NIO Releases Firefly Software Update, Boosting Motor Power

Li Bin Personally Launches NIO's New Model L80

NIO-SW to release FY2026 Q1 earnings on May 22 during market hours (BJT), forecast revenue HKD 28.94 B, EPS HKD -1.1599

NIO ES8 Leads Chinese Large SUV Sales for Fifth Consecutive Month

Nio to Release Q1 Earnings, Analysts Focus on Profitability

NIO Silk Road Hexi Corridor Swapping Route Fully Operational

NIO Power Partners with Multiple Entities to Build Over 500 Swap Stations

NIO Sub-brand Roadlink Begins Deliveries of New Model L90 SUV

NIO Refutes Rumors of Being Summoned

NIO Power Provided Over 15.43 Million kWh of Charging and Swapping Electricity During 2026 Labor Day Holiday

NIO to Preemptively Launch and Deliver ES9 SUV

NIO Delivers 29,356 Cars in April 2026, Up 22.8% Year-Over-Year

NIO Announces Presale Price for Le Dao L80

NIO Provides April 2026 Delivery Update

Li Bin Affirms NIO's Possibility of Making Robots

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Nio's sub-brand Onvo will begin pre-sales of the updated L60 SUV at the Shenzhen Auto Show from May 29 to June 7, with an official launch expected in June. The revamped model will feature significant hardware upgrades, including a LiDAR sensor and Nio's autonomous driving chip. This move aims to enhance Onvo's competitive edge in China's EV market, following a 21.64% increase in vehicle deliveries in April.

- The upcoming Shenzhen Auto Show is scheduled from May 29 to June 7, where Onvo will initiate pre-sales for its updated L60 SUV.  
- This model will feature significant hardware enhancements, including a LiDAR sensor and automated driving capabilities, aiming to compete in China's EV market.  
- In April 2026, Onvo delivered 5,352 vehicles, reflecting a 21.64% year-on-year increase, underlining its strategy for continued growth and product expansion.

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Nio Onvo to start pre-sales of updated L60 at Shenzhen Auto Show later this month

NIO Inc. (NYSE:NIO) has received an average rating of 'Hold' from thirteen brokerages. Two analysts rated it 'sell', four 'hold', and seven 'buy'. The average 1-year price target is $6.80. Recent analyst actions include upgrades from Dbs Bank and Nomura, while Weiss Ratings maintained a 'sell' rating. NIO's stock has faced volatility due to pre-earnings caution and regulatory scrutiny, recently trading at $6.27.

- NIO Inc. has received an average "Hold" recommendation from thirteen brokerages, with two sell ratings, four holds, and seven buys.  
- Recent performance includes solid April deliveries of 29,356 vehicles, boosting year-to-date totals to 112,821, although stock sentiment is affected by regulatory concerns and profit-taking ahead of earnings on May 21.  
- Despite these mixed signals, institutional interest remains strong, with significant stakes purchased by various funds, highlighting ongoing investor confidence in the company's long-term prospects.

Market Beat

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Bank of America Corp

NIO Inc. (NYSE:NIO) Receives Average Rating of "Hold" from Analysts

MOTO

Nio's sub-brand Onvo celebrates its second anniversary and is set to launch the L80 SUV, which began pre-sales on April 28 at a price of 245,800 yuan ($36,170). The brand aims to expand its market share, having delivered over 100,000 units in 2025. Onvo plans to enhance its infrastructure with over 3,300 battery swap stations by year-end. The L80 will offer both high-end and pure vision versions, continuing Onvo's dual-track strategy in smart driving technology.

- Onvo L80 began pre-sales on April 28, priced at 245,800 yuan ($36,170) with a battery pack included.  
- Nio Inc's sub-brand, Onvo, also plans to initiate pre-sales for the revamped L60 at the end of May, with an official launch set for June.  
- Onvo, established in May 2024, has delivered over 100,000 vehicles annually and aims to expand the number of battery swap stations to over 3,300 by the end of this year.

SmartETFs Smart Transportation & Tech ETF

Nio sub-brand Onvo turns two, to launch new L80 SUV in hours

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0514 | Dolphin Research Focus: 🐬 Macro/Industry 1) This morning, China's top leader held a face-to-face meeting with U.S. President Trump, covering trade, tech cooperation, global governance and bilateral ties. It signaled a thaw in top-level engagement. 2) According to foreign media, the U.S. eased chip export curbs, allowing 10 Chinese tech firms — including Alibaba, ByteDance, Tencent and JD — to procure Nvidia's H200 high-end AI chips. Distributors such as Lenovo and Foxconn also received purchase approvals, pointing to a marginal relaxation of export restrictions on advanced AI chips...

NVDA H200 curbs show fresh signs of easing; XPEV eyes EU vehicle manufacturing | Daily News Recap

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FAST RETAIL-DRS(06288) rose 5.43%, with a trading turnover 12.1 Thousand HKD, and a year-to-date rose 45.5%. LI AUTO-W(02015) rose 4.34%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 18.5%. VGT(02476) fell 7.95%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 68.9%. BIREN TECH(06082) fell 6.24%, with a trading turnover 549.5 Million HKD, and a year-to-date rose 164.3%.

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China's NEV retail sales increased by 27% in early May compared to April, reaching 226,000 units, despite a 13% year-on-year decline. The wholesale penetration rate for NEVs surpassed 60%, indicating a shift in production focus. Overall passenger vehicle sales also showed improvement, with a 36% month-on-month increase. Year-to-date, cumulative retail sales of passenger NEVs are down 17%, while total passenger vehicle sales have decreased by 19% compared to last year. The market is gradually recovering from previous lows, driven by demand following the Beijing Auto Show and Labor Day holiday.

- China's retail sales of new energy vehicles (NEVs) reached 226,000 units from May 1 to May 10, marking a 27% increase from April despite a 13% year-on-year decline.  
- The wholesale penetration rate for NEVs hit 60.3%, indicating a production focus shift among automakers, while total passenger vehicle retail sales also increased by 36% month-on-month.  
- Year-to-date retail sales of passenger NEVs are down 17%, totaling 2.984 million units, signaling a gradual recovery in the market following recent events.

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China's early May NEV sales rebound from April lows despite yearly drop

NIO Inc. has shown significant recovery in its stock over the past year, with a focus shifting from delivery growth to profitability. The company reported its first quarterly non-GAAP operating profit in Q4 25 and strong volumes in Q1 26, driven by the All-New ES8 SUV, which achieved gross margins of nearly 25%. With the upcoming ES9 launch, NIO is on track for adjusted operating breakeven in 2026, potentially leading to positive GAAP earnings sooner than expected. The analyst maintains a Buy rating on NIO shares, citing substantial upside potential.

- NIO Inc. has shown significant recovery in its share price over the past year, despite market oversight of its profitability progress.  
- The company reported its first non-GAAP operating profit in Q4 2025 and is shifting focus from delivery growth to margins and operational efficiency, driven by the success of the All-New ES8 SUV.  
- With the upcoming launch of the ES9, NIO may achieve adjusted operating breakeven in 2026, suggesting potential for positive earnings ahead of market expectations, justifying a continued Buy rating.

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NIO's Recovery Looks Like a Changing Story. That Keeps Me Bullish

Nio ES8 has topped China's large SUV retail sales for the fifth consecutive month, with 13,020 units sold in April. The model accounted for 54.14% of Nio Inc's total deliveries in Q1, with 45,185 units delivered. To maintain sales momentum, Nio has extended purchase incentives, including a zero-down-payment financing plan and a purchase tax subsidy. The ES8 reached a milestone of 100,000 units delivered in just 215 days. Nio is set to report its Q1 financial results on May 21, after exceeding its delivery guidance.

- Nio ES8 recorded retail sales of 13,020 units in April, leading China's premium SUV market for the fifth consecutive month.  
- In the first quarter, the ES8 delivered 45,185 units, contributing 54.14% to Nio Inc's total deliveries, while the company is set to report Q1 earnings on May 21.  
- Nio is also launching new models, including the ES9 on May 27 and the Onvo L80 on May 15, expecting overall deliveries to rebound in the coming months.

Nio ES8 tops China's large SUV retail sales for fifth straight month

Nio's April deliveries show the ES8 SUV's dominance, contributing 44% of total deliveries with 13,028 units sold. Overall, Nio delivered 29,356 vehicles, a 22.83% year-on-year increase but down 17.27% from March. Other models like the ET5 Touring and ES6 saw declines. Nio is launching new models, including the ES9 and Onvo L80, to boost sales. The company expects these models to help improve deliveries in the coming months. Nio will report Q1 earnings on May 21, having delivered 83,465 vehicles in the first quarter, exceeding guidance.

- Nio Inc's April deliveries totaled 29,356 vehicles, with the ES8 SUV dominating by contributing 44.38% of total deliveries at 13,028 units.  
- The company is accelerating the launch of new models, including the ES9 and Onvo L80, to counteract declining sales in established models and is expecting improved delivery figures in May and June.  
- Nio's pre-sales for these models began in April, indicating a strategic push to boost sales amid increasing external pressure.

Nio April deliveries breakdown: ES8 dominates with 44% contribution

HU-NIO @EC2703A(29288.HK)