$NIO Inc(NIO.US) Chinese electric vehicle makers Nio, XPeng, and Li Auto reported mixed performance for their July deliv…

$NIO Inc(NIO.US) Chinese electric vehicle makers Nio, XPeng, and Li Auto reported mixed performance for their July deliveries. Unlike BYD, the July deliveries of these three EV makers fell month-over-month amid a slowdown in the Chinese economy. Moreover, Chinese EV makers are facing intense competition in the domestic market. Nio's deliveries surged about 71% year-over-year to 35,934 vehicles in July, but fell 11.5% compared to June. The company's Nio, Onvo, and FireFly brands all posted strong year-over-year growth in July deliveries, but saw a sequential decline in their volumes. Last month, Goldman Sachs upgraded NIO stock to Buy from Hold, as they expect the company to deliver the fastest volume growth, strong margins, and a solid turnaround in its profits and free cash flow in 2026. The launch of the new ES8 and ES9 models should support Nio's turnaround, as these vehicles strengthen Nio's brand and position in the premium NEV (new energy vehicle) market, making it harder for rivals to challenge its competitive moat. @Captain's Treasure