Nio Inc. (NYSE:NIO) shares are up during Wednesday’s premarket session as the company reported impressive delivery results for March and the first quarter of 2026.
The stock’s rise follows a significant increase in vehicle deliveries, which has contributed to a positive sentiment around the electric vehicle sector, as broader markets also show gains.
In March 2026, Nio, a major rival of Tesla, Inc. (NASDAQ:TSLA), delivered 35,486 vehicles, marking a remarkable 136.0% year-over-year increase. In the first quarter, total deliveries reached 83,465 vehicles, reflecting 98.3% year-over-year growth and showcasing the company’s strong market performance. Cumulative deliveries reached 1,081,057 as of March 31, 2026.
The company’s flagship premium SUV, the All-New ES8, achieved its 80,000th delivery within just 181 days, reinforcing its position as a leader in China’s large SUV segment.
“Driven by its differentiated product capabilities and sustained user demand, the All-New ES8 continues to strengthen its leadership in the large SUV market,” the company said in a press release.
Nio’s Latest Earnings Results
In March, the Chinese electric vehicle maker released its fourth-quarter results.
The company reported quarterly revenue of 34.65 billion yuan ($4.95 billion), up 75.9% year over year and 59.0% sequentially. The figure exceeded the analyst consensus estimate of …
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