Nio experienced tariff-driven volatility that pushed its share price to a multiyear low of $3.02 in April before a rebound. Year-to-date performance improved 45.4%, with a recent 14.2% weekly gain driven by Onvo L90 demand and the ES8 SUV launch. New mass-market brands Onvo and Firefly contributed to solid delivery increases in the first and second quarters. Nio leads in swappable battery packs and offers high-performance models with ranges exceeding 600 miles, helping address range anxiety. Analyst coverage is mixed: half of 26 recommend buying, mean target $5.12, high target $8.16, with recent upgrades from J.P. Morgan and Goldman Sachs.
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 45.4% year to date, after popping 14.2% in the past week on strong Onvo L90 demand and the unveiling of its budget-friendly ES8 SUV. Nio 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 32.4% higher than six months ago. Compared to a year ago, Nio's share price is up 58.5%. However, Wall Street sentiment remains cautious, with half of 26 analysts who cover the stock recommending buying shares. Their mean price target has jumped up to $5.12, but that is still less than the current share price. Note that the high price target is all the way up at $8.16.
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