NIO (NIO) Stock Falls Despite Smashing June Delivery Targets by 63%

Quick Overview

• NIO shipped 40,597 vehicles in June, marking a 63% annual increase, yet shares dropped 2.6% before the market opened
• Second quarter 2026 deliveries reached 107,658 units, representing a 49.4% yearly gain, pushing total cumulative deliveries to 1.18 million
• XPeng shipped 40,126 units in June with 16% YoY growth—shares climbed 2% in premarket hours
• Li Auto struggled with June deliveries falling 15% annually to 30,895 vehicles
• BYD moved 397,292 passenger cars in June though pure EV sales declined 3% YoY amid softening Chinese market conditions

---

NIO unveiled impressive June 2026 delivery figures, yet investor enthusiasm remained muted. Shares declined 2.6% during premarket hours Wednesday despite the company posting a remarkable 63% annual surge in vehicle shipments.

The electric vehicle manufacturer shipped 40,597 units in June, representing an 8% sequential increase from May. Throughout the entire second quarter, NIO distributed 107,658 vehicles—narrowly surpassing internal projections and climbing 49.4% compared to the previous year.

Across its NIO, ONVO, and FIREFLY product lines, total deliveries have reached 1,188,715 units since inception. The redesigned ES8 model has now surpassed 120,000 lifetime deliveries, while the newly launched ES9 achieved 10,000 units sold within just 30 days of market availability.

NIO Inc., NIO

The share price weakness probably stems from elevated investor expectations heading into the announcement. NIO had rallied 44% during the preceding 12-month period before Wednesday’s session, suggesting positive developments were largely anticipated by the market.

Three Major Chinese EV Makers Ship 111,618 Combined Units in June

[[LINK_START_2]]NIO[[LINK_END_2]] wasn’t the only automaker reporting solid performance. Both XPeng and Li Auto released their June metrics as well, with the trio collectively delivering 111,618 vehicles—a 16% annual improvement and the strongest monthly expansion since March.

XPeng distributed 40,126 units in June, climbing 25% from the previous month and 16% year-over-year. Its second quarter aggregate of 103,295 units aligned perfectly with company forecasts. XPeng shares advanced 2% during premarket trading, standing in stark opposition to NIO’s decline.

Li Auto represented the weak performer among the group. The company delivered 30,895 vehicles in June, sliding 7% sequentially and dropping 15% annually. While its Q2 total of 98,330 units approached guidance levels, declining year-over-year sales have pressured the stock—Li Auto has plummeted 56% during the past year.

Year-to-date through June, the three manufacturers have collectively shipped 550,572 vehicles, reflecting approximately 7% growth versus the comparable 2025 timeframe.

BYD Increases Export Volume as Chinese Market Weakens

BYD moved 397,292 passenger vehicles during June, with 201,472 being battery-electric models. Overall automotive sales increased 5% year-over-year, though pure electric vehicle sales contracted 3%.

The automaker has been directing approximately 40% of production to international markets as Chinese domestic appetite weakens. China’s total new vehicle sales contracted roughly 7% during the first quarter of 2026, based on analysis from Citi analyst Jeff Chung.

BYD’s Hong Kong-traded shares were inactive Wednesday due to a regional holiday. Entering the week, the stock had declined 24% year-to-date and fallen 41% over the trailing twelve months.

Regarding technological advancements, NIO deployed the newest iteration of its NIO WorldModel autonomous driving platform to over 700,000 users. According to the company, it represents the industry’s first simultaneous development effort across both universal and proprietary semiconductor architectures.