NIO Deliveries Fall 15.23% in October to 34,246 Vehicles as Brands Diverge
Key Facts
NIO delivered a total of 34,246 vehicles in October 2026, down 15.23% year on year and 8.45% from September, marking its first monthly year-on-year decline since February 2024, according to CnEVPost. The figures came in a company statement published on November 1, with deliveries comprising 18,125 vehicles under the main NIO brand, 8,383 from ONVO and 7,738 from firefly. The monthly total showed diverging performance among the three brands: deliveries under the main brand and firefly grew year on year, while ONVO deliveries fell by more than half. By contrast, cumulative deliveries since the start of the year reached a new record, putting October's weakness in the context of strong performance over the first ten months. The company said year-to-date deliveries rose 38.5% year on year to 334,547 vehicles.
October's year-on-year decline marked a shift from the monthly delivery trend since February 2024, according to CnEVPost, while deliveries also fell 8.45% from September. For the main brand, NIO deliveries rose 5.73% year on year to 18,125 vehicles, but fell 14.98% from the previous month. ONVO, the brand targeting families, delivered 8,383 vehicles, down 51.66% year on year. The overall decline therefore did not reflect a uniform drop across the brands: growth in the main brand coincided with a sharp fall at ONVO. The figures frame the monthly decline as a clear divergence among the company's divisions, without changing the fact that cumulative deliveries had increased through October.
firefly, the smaller electric-vehicle brand, recorded 7,738 deliveries in October, up 30.89% year on year and 5.61% from September, according to CnEVPost. That marked a monthly record for the second consecutive time, and it was the only one of the three brands to post a month-on-month increase in deliveries. Its trajectory differed from that of the main NIO brand, which grew year on year but fell from September, and ONVO, which recorded a steep annual decline. This monthly growth helped limit the impact of declines at the other two brands on October's total, though it did not prevent overall deliveries from falling from the previous month. The unit breakdown shows that the company's total masks divergent paths among its brands in the same month.
Over the longer period, the company's deliveries totaled 334,547 vehicles from January through October 2026, up 38.5% year on year, and NIO said the tally was a record. The total also surpassed, before the end of the year, all of 2025 deliveries of 326,028 vehicles, according to CnEVPost. The annual comparison presents a different picture from October alone: the first monthly decline since February 2024 followed ten months in which cumulative deliveries exceeded the full-year total from the previous year. Cumulative deliveries since the company began delivering vehicles reached 1,332,139 units through the end of October 2026, according to NIO's statement. The figures thus combine a cumulative record with a decline in the latest month, alongside differing performance among the brands that make up the total.
In the stock market, Benzinga reported that NIO shares continued a sell-off during the previous week, falling to their lowest level since April 2025 and standing about 60% below their 2025 peak. This describes the stock's performance during the week before Benzinga's report, published on November 1; it does not establish that October's delivery announcement caused the decline or that the drop continued after the report. EL7 data showed the stock closed at 3.21 dollars on October 30, 2026. That closing price coincided with the period covered by the report, while the decline in monthly deliveries remains an operational fact separate from the stock's performance before the data. This context leaves investors with a record operating tally since the start of the year, alongside a weak monthly reading and prior pressure on the stock.