NIO Stock Continues Two-Week Rally — How Is ES9 Driving Momentum?

• Nio unveiled the ES9 at a launch event on April 9.
• Customer deliveries of the new ES9 are slated to begin in June. 
• The ES9 is now expected to follow the success of the ES8.

NYSE-listed shares of Chinese EV maker Nio Inc. (NIO) closed up 7% on Friday after the company debuted its ES9 SUV, expected to follow the success of the company’s ES8 last year.

The stock gained over 3% this week, marking its second consecutive week in the green.

Nio unveiled the ES9 at a launch event on April 9. Priced from 528,000 yuan ($77,230) with the battery included, the new flagship SUV is set for official launch in late May, with first customer deliveries scheduled to begin on June 1. The company has positioned it as its most important product of the year, with company CEO William Li terming it the “most premium and advanced product” of its lineup last month.

The ES9 is available in three trims, ranging from 528,000 yuan to 658,000 yuan with the battery pack, or from 420,000 yuan to 550,000 yuan under Nio’s Battery-as-a-Service (BaaS) model. It features a 900-volt architecture, a 520-kW dual-motor powertrain, and up to 620 km of CLTC range.

ES8 Success

The ES9 is now expected to follow the success of the other three-row electric SUV ES8. Earlier this year, Nio announced that the company delivered its 70,000th ES8 vehicle in the Zhejiang province. Deliveries of the ES8 SUV began in Sept. 2025 and touched the 10,000 delivery milestone in just 41 days.

Earlier this month, Nio announced that it delivered 83,465 vehicles in the first quarter, nearly double what it delivered in the corresponding quarter of 2025, and exceeding the upper-end of its own delivery guidance, partly owing to the success of the ES8.

Wall Street Consensus

According to data from Koyfin, 16 of the 25 analysts covering Nio rate it ‘Buy’ or higher, while seven rate it ‘Hold,’ and two rate it ‘Sell’ or ‘Strong Sell.’

The 12-month average price target on the stock is $6.65, representing a potential upside of over 2% despite the stock's significant rally over the past few months.

How Did Retail Traders React?

On Stocktwits, retail sentiment around NIO stock improved from ‘bearish’ to ‘neutral’ territory over the past 24 hours, while message volume increased from ‘normal’ to ‘high’ levels.

NIO stock has gained about 98% over the past 12 months. 

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