NIO Stock Jumps 12% as Delivery Growth Accelerates

Dow Jones05-02

Investors liked delivery results from NIO the best of its peers. Shares were rising sharply Wednesday as growth for the electric-vehicle maker accelerated.

NIO delivered 15,620 vehicles in April, up from 11,866 in March and up 135% from the 6,658 delivered a year ago. Growth in April accelerated from 14% year-over-year growth in March.

NIO’s U.S.-listed stock jumped 11.7% on Wednesday at $5.27 a share while the S&P 500 and Nasdaq Composite both dropped 0.3%.

It’s the best reaction of NIO’s peer group. XPeng shares fell 0.1%, and Li Auto shares rose 0.3%.

The stock price reactions line up with relative growth rates. XPeng delivered 9,393 vehicles in April, up 33% year over year and up slightly from the 9,026 units delivered in March. Li Auto delivered 25,787 units in April, up 0.4% year over year and down from the 28,984 units delivered in March.

Combined, the three delivered 50,800 units, up almost 30% year over year and up slightly from the 49,876 units delivered in March.

Growth is a positive for all EV makers. China is the world’s largest market for new cars and new EVs.

Tesla stock isn’t getting a boost though. Shares fell 1.8% to $179.99. It’s tough to pin the drop on Chinese EV deliveries. Tesla stock has risen 24% since the company reported first-quarter earnings on April 23.

Earnings were better than feared after Tesla delivered just 387,000 units in the first quarter, missing the lowest Wall Street estimates by some 20,000 vehicles.

Slowing growth has been a problem for all EV stocks. As of Wednesday, NIO shares have fallen 41.9% this year. XPeng and Li shares have declined 44.4% and 29.6%, respectively. Tesla shares have fallen 27.6% in 2024.

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Growth in April accelerated from 14% year-over-year growth in March.</p><p>NIO’s U.S.-listed stock jumped 11.7% on Wednesday at $5.27 a share while the S&amp;P 500 and Nasdaq Composite both dropped 0.3%.</p><p>It’s the best reaction of NIO’s peer group. XPeng shares fell 0.1%, and Li Auto shares rose 0.3%.</p><p>The stock price reactions line up with relative growth rates. XPeng delivered 9,393 vehicles in April, up 33% year over year and up slightly from the 9,026 units delivered in March. Li Auto delivered 25,787 units in April, up 0.4% year over year and down from the 28,984 units delivered in March.</p><p>Combined, the three delivered 50,800 units, up almost 30% year over year and up slightly from the 49,876 units delivered in March.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8568be402a39029b033ef93c93140ef3\" tg-width=\"481\" tg-height=\"642\"/></p><p>Growth is a positive for all EV makers. China is the world’s largest market for new cars and new EVs.</p><p style=\"text-align: start;\">Tesla stock isn’t getting a boost though. Shares fell 1.8% to $179.99. It’s tough to pin the drop on Chinese EV deliveries. Tesla stock has risen 24% since the company reported first-quarter earnings on April 23.</p><p style=\"text-align: start;\">Earnings were better than feared after Tesla delivered just 387,000 units in the first quarter, missing the lowest Wall Street estimates by some 20,000 vehicles.</p><p style=\"text-align: start;\">Slowing growth has been a problem for all EV stocks. As of Wednesday, NIO shares have fallen 41.9% this year. XPeng and Li shares have declined 44.4% and 29.6%, respectively. 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