Nio Stock Slips Premarket: April Delivery Drop Casts Shadow Over Major SUV Launch Push

• The core Nio premium brand delivered 19,024 vehicles, while Onvo contributed 5,352 units and Firefly added 4,980 units.
• The company opened pre-sales for the ES9 flagship executive SUV and the Onvo L80 family-oriented SUV.
• After delivering 326,028 vehicles in 2025, Nio is targeting 40%-50% delivery growth in 2026.

U.S.-listed shares of Nio, Inc. (NIO) slipped 3% in premarket trading on Friday after the Chinese EV maker reported a decline in April deliveries, which fell from the previous month, even though growth remained strong compared to a year ago, and new model launches were lined up for the coming months.

Nio’s U.S.-listed stock logged its third consecutive month of gains, rising nearly 6% in April. 

Nio April Deliveries Top 29,000 Units 

Nio delivered 29,356 vehicles in April 2026, up 23% from the previous year, but an 18% decline from 35,486 vehicles last month.

The company’s premium Nio-branded vehicles accounted for 19,024 deliveries, down slightly from a year earlier and lower than a month ago. The family-oriented Onvo sub-brand delivered 5,352 vehicles, rising from last year but also slipping from March levels. On the other hand, the compact premium Firefly brand delivered 4,980 vehicles, surging from a low base last year but declining from the previous month.

Despite the monthly drop, year-to-date deliveries hit 112,821 vehicles, up 71% from the same period last year, while cumulative deliveries surpassed 1.11 million vehicles as of April 30.

Nio delivered 83,465 vehicles in the first quarter, up 98% from the previous year and above the upper end of its guidance range.

After delivering 326,028 vehicles in 2025, the company is targeting 40% to 50% delivery growth in 2026 and is aiming to achieve its first full year of profitability, following its first profitable quarter earlier this year. 

ES8 Leads Nio April Deliveries

The ES8 SUV remained Nio’s largest contributor in April with 13,020 units delivered, accounting for a significant share of total volume. Earlier in April, the model crossed 100,000 cumulative deliveries within 215 days, setting a delivery-speed record among premium passenger vehicles priced above 400,000 yuan (58,581 ) in China.

The company also introduced the ES8 Mirrorblack Edition during the Beijing auto show recently as part of its efforts to maintain momentum in the flagship SUV segment.

Nio is also accelerating its rollout of new vehicles expected to drive deliveries through the second quarter. The company opened pre-sales for its flagship ES9 executive SUV earlier last month. Positioned as a premium electric SUV, the model will be officially launched later this month, with customer deliveries expected to begin on June 1.

Separately, Onvo’s L80 large five-seat SUV entered pre-sales on Tuesday at a starting price of 245,800 yuan, ahead of its official launch on May 15. The vehicle is expected to play a key role in expanding further into the family-oriented SUV segment. CEO William Li has said previously that the upcoming launches will drive delivery growth in May and June.

How Do Retail Traders Feel About Nio?

On Stocktwits, retail sentiment for Nio was ‘bearish’ amid ‘normal’ message volume.

One user said, “An amazing result considering Chinese New year holidays occured in this period, and a huge majority of them ES8”

Another user said, “The coming 8 months are crucial and the average monthly deliveries should be around 45k per month for them to hit 470k annually.”

U.S.-listed shares of Nio have jumped 58% over the past year. 

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