NIO Delivers 34,246 Vehicles in October as Shares Fall Month on Month to $3.21
Key Facts
NIO said it delivered 34,246 vehicles in October 2026, down from 37,408 in September, while the company’s shares closed at $3.21 on October 30, compared with $3.32 in the previous session. The company said October’s total included 18,125 vehicles under the NIO brand, 8,383 from ONVO and 7,738 from firefly. The monthly figures put October deliveries below September’s level, alongside growth in deliveries since the start of the year. The company delivered a total of 334,547 vehicles between January and October, up 38.5% year on year. The company’s statement did not include a year-on-year comparison for October deliveries, and the available figures do not establish that monthly deliveries caused the share price decline.
Deliveries fell from September’s 37,408 vehicles to 34,246 in October. September deliveries were 7.7% higher than in the same month a year earlier, according to NIO’s statement. October’s statement did not provide a comparable year-on-year figure, so an October growth rate cannot be derived from the published numbers. The difference underscores the importance of distinguishing monthly changes from annual growth: deliveries can fall from the previous month while the year-to-date total remains above the corresponding period. Through the end of October, the company’s cumulative deliveries since its founding reached 1,332,139 vehicles.
NIO delivered 109,178 vehicles in the third quarter of 2026, up 25.4% year on year, while deliveries for the first three quarters totaled 300,301 vehicles, a 49.2% year-on-year increase. The figures show that the annual growth rate in the third quarter was lower than the rate for the combined first nine months. October deliveries added 34,246 vehicles to the year-to-date total, lifting it to 334,547 through the end of the month. The company had previously forecast third-quarter deliveries of between 108,000 and 111,000 vehicles, with year-on-year growth of between 24.0% and 27.5%. Actual quarterly deliveries of 109,178 fell within management’s range.
Second-quarter results provide financial context for delivery growth during the year. NIO’s total revenue reached 32,136.9 million yuan in the second quarter of 2026, up 69.1% year on year. Gross margin rose to 18.4%, compared with 10.0% in the second quarter of 2025. These indicators reflect year-on-year improvement in revenue and gross margin, alongside delivery growth in the first three quarters. They relate to the second quarter and do not represent October results or, on their own, explain the share price movement at the end of the month. Assessing the company’s October performance requires distinguishing monthly delivery figures from financial results reported for earlier periods.
By model, NIO said the All-New ES8 recorded its 160,000th delivery on October 23, 2026. The company added that from January to October, the model ranked first in cumulative sales in China’s large SUV segment and among vehicles priced at the 400,000 yuan level. The milestone came before the announcement of October’s monthly total, which was split across the company’s three brands. The model’s performance offers a detail on product mix alongside total deliveries, without changing the month-on-month comparison between September and October. The announced year-to-date total through the end of October was 334,547 vehicles, up 38.5% year on year.