Nio Reports Significant Growth in February 2026 Deliveries

Nio Inc, the Shanghai-based electric vehicle manufacturer, reported a total of 20,797 vehicle deliveries in February 2026, marking a 57.6% increase year-on-year. This figure includes 15,159 units from the Nio main brand, which represents a 65.8% rise compared to February 2025. However, this total reflects a 27.4% decline from January 2026's deliveries of 27,182 vehicles. The seasonal impact of the Chinese New Year holiday, which occurred in mid-to-late February, contributed to this decline, as production and sales were disrupted during this period.

Nio reports 20,797 deliveries in Feb, extends promotions to boost spring sales

Within the total deliveries, Nio's sub-brands also reported varying results. The Onvo brand delivered 2,981 vehicles, down 26.4% year-on-year and 14.4% month-on-month. The Firefly sub-brand saw a slight decrease, delivering 2,657 units, down 5.3% from January. The all-new ES8 model, which has been a significant contributor to Nio's sales, achieved its 70,000th delivery by late February, further solidifying its position in the premium SUV market.

Nio Brand Global Deliveries Jump 66% in February Driven by ES8 SUV

Nio's robust sales of high-margin models, particularly the ES8, have led analysts to anticipate that the company may report its first quarterly profit in the upcoming earnings announcement scheduled for March 10. The ES8 has a gross margin of 20%, with an average selling price exceeding 400,000 yuan (approximately $58,300). In response to first-quarter sales pressures, Nio has extended low-interest loan offers for multiple models and introduced purchase tax subsidies to stimulate demand.

Nio Brand Global Deliveries Jump 66% in February Driven by ES8 SUV

Looking ahead, Nio plans to unveil two new models: the flagship ES9 SUV and the five-seat Onvo L80, with launches scheduled for April 2026. The ES9 is expected to have an average selling price exceeding 500,000 yuan (approximately $72,800) and aims for a profit margin of over 100,000 yuan (approximately $14,600) per unit. This model will replace the ES8 as Nio's flagship SUV, which has been pivotal since its introduction in May 2018.

Nio Brand Global Deliveries Jump 66% in February Driven by ES8 SUVNio reports 20,797 deliveries in Feb, extends promotions to boost spring sales

Nio's management has expressed optimism regarding the upcoming models and their potential to enhance the company's market position. The company is also addressing supply chain challenges, particularly a shortage of audio signal processing chips, which has affected some vehicle deliveries.

Nio Brand Global Deliveries Jump 66% in February Driven by ES8 SUV

Despite the positive growth figures, some analysts caution that the seasonal fluctuations and supply chain issues could pose risks to Nio's performance in the coming months. The Chinese Passenger Car Association has indicated that February typically represents a low point in the annual sales cycle, which may affect overall market sentiment.

Nio Brand Global Deliveries Jump 66% in February Driven by ES8 SUV

“ The margin level of Nio‘s best-selling model was a key factor in the Shanghai-based company achieving its first profitable quarter ever, as announced earlier last month.” — Nio Management

Nio Brand Global Deliveries Jump 66% in February Driven by ES8 SUV