NIO Inc. (NYSE:NIO) said Tuesday that it delivered 35,836 vehicles in August, up 14.5% from a year earlier.
However, deliveries slipped slightly from 35,934 vehicles in July.
Core NIO Brand Drives Growth
The main NIO brand delivered 21,174 vehicles during the month. That figure more than doubled from a year earlier and rose 5.8% from July.
However, weaker ONVO sales weighed on the total. The sub-brand delivered 8,810 vehicles, down 46.4% year over year. Deliveries also fell 13.2% from July.
FIREFLY delivered 5,852 vehicles. That represented a 34.7% annual increase and a 1.4% gain from July.
Through August, NIO delivered 262,893 vehicles in 2026. That was up 57.9% from the same period last year. Total deliveries reached 1.26 million as of Aug. 31.
Expands Battery-Swap Network
On Aug. 7, the company opened its 4,000th battery-swap station and launched its first fifth-generation site. The opening also brought FIREFLY vehicles into the NIO Power battery-swap network.
Meanwhile, all-new ES8 deliveries reached 140,000 on Aug. 21. The electric SUV reached that milestone 335 days after deliveries started.
NIO is also scheduled to report second-quarter results before Tuesday’s U.S. market open.
NIO Analyst Outlook
The stock carries a consensus Buy rating and an average price forecast of $6.90.
Goldman Sachs upgraded NIO to Buy with a $7 price forecast on July 13. HSBC upgraded the stock to Buy and raised its forecast to $6.80 on March 13. Freedom Broker upgraded the stock to Buy with a $7 forecast on Nov. 28, 2025.
Technical Analysis
The stock remains in a long-term downtrend. The stock trades 9.7% below its 20-day simple moving average and 13.3% below its 50-day SMA. It also sits about 22% below its 100-day and 200-day averages.
The 20-day SMA remains below the 50-day SMA, signaling a bearish short-term trend. In addition, the 50-day average crossed below the 200-day average in June. That “death cross” suggests rallies remain countertrend.
The moving average convergence divergence indicator also points to weak momentum. The MACD sits below its signal line, while its histogram remains negative. This setup suggests buyers are losing strength.
The mid-$4 range could create resistance because the 20-day and 50-day averages sit near that level. After that, $5 represents the next major resistance zone.
On the downside, the stock has fallen below its previous 52-week low of $4.23. As a result, volatility could remain elevated while traders search for a new support level.
NIO Benzinga Edge Rankings
NIO has a weak Momentum score of 6.44 on the Benzinga Edge scorecard. The reading reflects the stock’s position below its major moving averages.
Overall, NIO’s chart remains weak. The stock may continue to face selling pressure until it reclaims and holds above key moving averages.
NIO Price Action: NIO shares were down 2.84% at $4.11 during premarket trading on Tuesday, according to Benzinga Pro data.
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