Nio experienced tariff-driven volatility that pushed its share price to a multiyear low in April before a rebound that left shares up year-to-date. The company launched mass-market brands Onvo and Firefly and reported solid delivery increases in the first and second quarters, with notable demand for the Onvo L90 and recent price cuts. Wall Street sentiment remains cautious, with fewer than half of analysts recommending buys and a mean price target below the current price, though some high targets reach into the $8 range. Nio continues to expand internationally and emphasizes battery-swap technology alongside long-range models.
The tariff-driven market volatility has been rough on shares of Chinese electric vehicle (EV) maker Nio Inc. ( NYSE: NIO), which in April fell to a multiyear low of $3.02. Shares rebounded afterward. They are now up 16.3% year to date, after popping 13.9% in the past week on news of price cuts and strong Onvo L90 demand. Nio recently reported a solid increase in deliveries in the first and second quarters, following the launch of its new mass-market brands, Onvo and Firefly.
The stock is now trading 16.0% higher than six months ago. Compared to a year ago, Nio's share price is up 31.7%. However, Wall Street sentiment remains cautious, with less than half of analysts recommending buying shares. Their mean price target has crept up to $4.95, but that is less than the current share price. Note that the high price target is all the way up at $8.11.
There are some encouraging tailwinds for shareholders, though. The Chinese carmaker's high-performance models, which feature a +600-mile range, have caught the eye of vehicle enthusiasts and investors, while addressing range anxiety issues by creating battery swap technology as a supplement to charging. Nio is a leading electric vehicle manufacturer in China and has been expanding its presence internationally. From a stock performance standpoint, Nio has been a tale of two stories.
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