Shares of NIO-SW surged 6.27% in pre-market trading on Thursday, driven by positive sentiment ahead of the company's upcoming earnings report and continued strong sales performance of its flagship model.
The sharp rise follows the release of an earnings preview indicating the electric vehicle maker is expected to report first-quarter 2026 revenue growth of 101.42% year-over-year, reaching 25.33 billion RMB. Multiple financial institutions, including Morgan Stanley, CICC, Nomura, and BOCOM International, have maintained Buy ratings on the stock, with Deutsche Bank recently raising its price target following strong order indications for recent vehicle launches.
Further supporting the bullish sentiment are reports of robust April sales for NIO's new ES8 model, which sold 13,020 units and has led the large premium SUV segment for five consecutive months. This sales performance solidifies the company's position in the high-end electric vehicle market and contributes to the positive outlook for its financial results.
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