NIO ADR Stock News

Retail sales of passenger cars in China fell 28.0% in September from a year earlier, as the traditional peak season failed to bring cheer.

Nio stock has continued its downward spiral this month after a report showed that the company's business is slowing. The shares fell to HK$26.95 in Hong Kong on Monday, more than 50% below their peak for the year.

Polestar reported a slight rise in third-quarter retail sales on Thursday, a few months after Washington ​effectively barred the China-linked electric vehicle maker from ‌selling new cars in the country from the next model year.

Chinese electric-vehicle makers recorded subdued September sales growth that pointed to slowing demand in the world's largest auto market, sending shares lower in Hong Kong.

Domestic sales at Chinese EV leader BYD are falling.

SHANGHAI, China, Oct. 01, 2026 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its September and third quarter 2026 delivery results.

NIO Inc (NYSE:NIO) agreed to bring a Geely Holding Group subsidiary into its battery swapping subsidiary, NIO Power, as a 30% investor while retaining control. The September 28 agreement values NIO Power at approximately RMB16 billion (US$2.38 billion) after the investment, with NIO China retaining 63.6% and an existing investor holding 6.4%.

Nio stock price remains in a bear market this month as concerns about the Chinese EV industry continue. It dropped to $3.50 last week, its lowest level since July last year and 55% from its highest point this year.