NIO's June 1 delivery release showed 37,705 May deliveries and 150,526 year-to-date deliveries. The stock now turns on whether ES9, ONVO L80, and firefly can keep Q1's margin inflection alive through June.
References
Sources used in this report
Company releaseNIO Q1 2026 earnings release2026-05-21 · Primary evidence for Q1 revenue, deliveries, margins, cash and Q2 guidance.Company releaseNIO April 2026 delivery update2026-05-01 · Primary evidence for April deliveries, year-to-date deliveries and cumulative deliveries.Company releaseNIO May 2026 delivery update2026-06-01 · Primary evidence for May deliveries, brand mix, cumulative deliveries, and launch follow-through for ONVO L80 and ES9.Company releaseNIO Q4 and FY2025 results2026-03-10 · Primary evidence for FY2025 revenue, margins, net loss, Q4 profit and cash.SEC-filed annual reportNIO 2025 Form 20-F2026-04-10 · Primary evidence for business model, battery swap, BaaS, employees, ownership and share structure.Company releaseNIO Auto China 2026 release2026-04-24 · Product-cycle context for ES9, ONVO L80, NX9031, NIO WorldModel and NIO OS.Company releaseNIO and Bosch strategic cooperation2026-02-25 · Product and technology collaboration context across the three-brand portfolio.Peer company releaseLi Auto April 2026 delivery update2026-05-01 · Official peer context for China NEV delivery competition.