Goldman Sachs analyst Tina Hou upgraded NIO Inc. from Neutral to Buy and announced a $7 price target, driving investor confidence. The upgrade follows NIO's delivery of 107,658 vehicles in the second quarter of 2026, an increase of 49.4% year-over-year. In June 2026, the company delivered 40,597 vehicles, representing a 62.9% increase from the same period last year, underscoring its expansion across the NIO, ONVO, and FIREFLY brands.

Second Quarter Performance

The quarterly growth was driven by premium models such as the All-New ES8 and the ES9. The NIO ES9 achieved 10,000 cumulative deliveries within 30 days of its launch on May 28, 2026, setting a record for premium battery electric vehicles priced above RMB500,000. Additionally, on June 22, 2026, the NIO All-New ES8 reached cumulative deliveries of 120,000 units, reinforcing its position in China's premium segment priced above RMB400,000. Cumulative deliveries reached 1,188,715 as of June 30, 2026.

Stock Performance and Technical Levels

NIO shares were up 1.67% at $4.85 Friday morning. Despite the premarket lift, the stock remains in a downtrend, trading 2.3% below the 20-day SMA ($4.99) and 14.7% below the 200-day SMA ($5.72). A "death cross" formed in June, keeping the bigger-picture bias cautious. However, momentum indicators show improvement, with the MACD above its signal line suggesting easing downside pressure. Key resistance is observed at the $5.00 level.

Brand and Product Updates

The June deliveries consisted of 21,908 vehicles from the NIO brand, 11,743 vehicles from the ONVO brand, and 6,946 vehicles from the FIREFLY brand. On June 18, 2026, NIO rolled out the latest version of NIO WorldModel, providing upgrades to over 700,000 users. The NIO All-New ES8 Five-Seat Version arrived at showrooms and commenced presales on June 28, 2026. NIO Inc. designs, develops, manufactures, and sells smart electric vehicles, focusing on next-generation core technologies and battery swapping services.