NIO Deliveries Jump 49.2% to 300,301 Vehicles in First Nine Months of 2026
Key Facts
NIO delivered a total of 300,301 vehicles in the first three quarters of 2026, up 49.2% year on year, according to a company statement issued in October. The figure covers the period from the start of the year through the end of September and does not describe September’s growth alone. In the final month of the period, deliveries reached 37,408 vehicles, up 7.7% year on year. September’s performance puts the strong cumulative growth in the context of slower year-on-year growth for the month. The company also said cumulative deliveries reached 1,297,893 vehicles as of September 30, 2026.
September deliveries came from three brands in the group. The core NIO brand recorded 21,318 vehicles, up 55.3% year on year, while family brand ONVO delivered 8,763 vehicles. FIREFLY, aimed at small electric vehicles, accounted for the remaining 7,327 deliveries. These figures show how the month’s total of 37,408 vehicles was distributed across the three brands. The core NIO brand grew faster than total deliveries in September.
Third-quarter deliveries exceeded the company’s forecast, which indicated year-on-year growth of 25.4%, while actual growth was 49.2% in the first nine months; however, the two figures cover different periods. Second-quarter deliveries totaled 107,658 vehicles, up 49.4% from the second quarter of 2025 and 29.0% from the first quarter of 2026. This quarterly comparison provides context for the trajectory of deliveries during the year without replacing the nine-month total. In the second quarter, gross margin on other sales was 17.0%, up 8.8 percentage points year on year, the company said. That figure applies to the second quarter, not the September delivery update.
The improvement in other-sales margin did not coincide with a quarterly increase in consolidated gross margin; NIO said gross margin edged down compared with the first quarter of 2026. The company attributed this mainly to margins on vehicle sales, energy solutions, spare parts and accessories, and after-sales services. This explanation places the 17.0% other-sales margin within a broader picture involving several activities, each with a different effect on gross margin. Thus, an improvement in this activity does not mean total gross margin rose between the two quarters. The 8.8 percentage-point comparison for other-sales margin is against its level a year earlier, not a quarterly change.
In the market, NIO shares closed at $3.26 on October 26, 2026. They had closed at $3.43 on October 20, then at $3.36 on October 21, $3.31 on October 22 and $3.29 on October 23, before closing at $3.26 on October 26. These prices show the closing level falling over the sessions cited, as investors tracked delivery and margin figures. The closing price alone does not include details of the intraday trading range. The latest operating data in this story cover September and the first nine months of the year.
In the energy sector, NIO Power set a target of operating 10,000 battery-swap stations by 2030. The company forecast that annual electricity demand across the network would exceed 10 billion kilowatt-hours. The announcement links expansion of the battery-swap network with higher expected electricity demand, as part of NIO Power’s stated plans. The target offers a long-term timeline for the network’s development, while current delivery figures remain limited to the period ending in September 2026. The announced target date is 2030.