EV company NIO Inc. (NIO) reported record August deliveries, reinforcing optimism around its growth trajectory. The milestone comes just ahead of NIO’s Q2 earnings report, set for Tuesday, September 2. NIO’s Hong Kong-listed shares (HK:9866) climbed more than 4% today, while its U.S.-traded ADRs edged up 0.31% in pre-market trading.
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For Q2, Wall Street expects NIO to report revenue of $2.73 billion, up from $2.4 billion a year ago. At the same time, investors will be watching closely for signs of improving margins and demand momentum.
NIO Sets New Delivery Record with August 2025 Sales
NIO delivered a record 31,305 vehicles in August 2025, up 55.2% year-over-year. However, Deutsche Bank had projected an even higher record of 32,000 deliveries for the month.
In Q2, the company delivered 72,056 vehicles, marking 26% year-over-year growth and a sharp 71% jump from the prior quarter. The strong performance was fueled by its sub-brands Onvo and Firefly. Notably, the Onvo L90 achieved 10,575 deliveries in its debut month, making it the fastest model in NIO’s history to surpass the 10,000-unit mark.
Furthermore, NIO began pre-sales of its all-new ES8 on August 21, with orders quickly surpassing the Onvo L90’s debut demand. The model is set for official launch at NIO Day 2025 in late September.
NIO’s EV Rivals Also Shine in August
Alongside NIO, Chinese rivals XPeng (XPEV) and Xiaomi (XIACF) also reported strong August deliveries. Precisely, XPeng handed over 37,709 EVs, up 169% from last year and 3% from July, while Xiaomi topped 30,000 deliveries for the second month in a row.
Is NIO a Good Stock to Buy?
According to TipRanks, Wall Street has a Moderate Buy consensus rating on NIO stock based on four Buys, five Holds, and one Sell assigned over the last three months. The average NIO stock price target of $5.01 indicates a possible downside of 21.5% from current levels.
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