NIO (ADR) (NIO)
Builds smart EVs and a battery-swapping ownership ecosystem.
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Sells smart electric vehicles under three brands, with most revenue coming from vehicle sales. Direct sales, after-sales services, charging, battery swapping and battery subscriptions connect the vehicles to an infrastructure-heavy ownership model.
Designs and sells smart electric vehicles across the premium NIO marque, family-oriented ONVO and small high-end FIREFLY, while also earning from after-sales services, charging, battery swapping, battery subscriptions and software-enabled driving features. Vehicle sales supply most revenue, and management reports the group as one smart-electric-vehicle-related segment.
Headquartered in Shanghai, the business supports customers through direct sales, brand apps, community-oriented NIO Houses and a global battery-swap network. Automated swapping and Battery as a Service separate battery use from vehicle purchase and distinguish the ownership model.
Founder-led execution has expanded the lineup from premium SUVs and sedans to three brands. This model depends on sustained spending for direct distribution and swap infrastructure, coordinated capacity expansion, and timely launches across the broader portfolio.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 4, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $7 | Target: $6.10 |
| Sep 3, 2026 | RBC Capital | Downgrade | Rating: — | |
| Sep 2, 2026 | Bernstein | Reiterate | Rating: —Target: $6 | Target: $5 |
| Sep 2, 2026 | JP Morgan | Downgrade | ||
| Jul 13, 2026 | Goldman Sachs | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $8.47B · Total debt $4.34B · Total assets $20.37B · Shareholders' equity $607.9M
- Revenue
- $4.81B
- Operating income
- −$99.2M
- Net income
- −$79.2M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions | 11.03% | 273.58M ADS | |
|---|---|---|---|
| 475 holders · as of Jun 30, 2026 | |||
| Insiders | 1.28% | 31.83M ADS | |
| 12 holders · as of Sep 14, 2026 | |||
| Other | 87.69% | 2.18B ADS | |
| remainder | |||
2.48B ADS as of Sep 11, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Morgan StanleyInstitution | 1.10% | 27.41M A ADS | as of Jun 30, 2026 |
UBS Group AGInstitution | 0.78% | 19.27M A ADS | as of Jun 30, 2026 |
Bank of America Corp /DE/Institution | 0.77% | 19.00M A ADS | as of Jun 30, 2026 |
D. E. Shaw & Co., Inc.Institution | 0.73% | 18.20M A ADS | as of Jun 30, 2026 |
Bin (William) Li1Insiderdirector, officer: Chief Executive Officer | 0.68% | 16.97M A ordinary · 7,703 ADS | filed Mar 18, 2026 |
- Bin (William) Li reports a block also reported by another filer; it is counted once, under that filer.
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NIO (ADR) | $3.70 | +0.82% | $9.11B | — | — | 0.5 | +78.3% |
| Tesla | $377.17 | +0.50% | $1.48T | 347.5 | 183.0 | 14.3 | +25.5% |
| Li Auto (ADR) | $11.66 | +1.22% | $11.63B | — | 78.9 | 0.7 | −10.5% |
| XPeng (ADR) | $10.41 | −0.57% | $9.95B | — | — | 0.9 | +14.0% |
| Median | 347.5 | 130.9 | 0.9 | +14.0% |