New York, February 23, 2026, 05:01 EST — Premarket
- NIO shares edged higher before the open, tracking strength in Hong Kong after new holiday battery-swap records
- Nio reported 177,627 swaps on Feb. 22, extending a run of daily highs during the Spring Festival travel peak
- Investors are watching for February deliveries and the next quarterly results in mid-March
Nio Inc’s U.S.-listed shares were up about 2.2% in premarket trading on Monday at $5.18, after closing Friday at $5.07. The stock has traded between $3.02 and $8.02 over the past 52 weeks. (Investing)
The move followed a weekend update on Nio’s battery-swap network, a system that lets drivers replace a depleted pack with a charged one in minutes instead of waiting to charge.
That matters because the swap business is one of the few near-daily gauges investors can track while they wait for earnings and monthly delivery figures. It is also a test of whether Nio’s heavy spending on infrastructure can keep customers inside its ecosystem.
Nio said it completed 177,627 battery swaps nationwide on Feb. 22, the fifth straight daily record during the Spring Festival holiday period. The busiest station handled 191 swaps that day, and Nio’s network totals 3,750 swap stations in China, including 1,022 on expressways, CnEVPost reported. (CnEVPost)
In Hong Kong, Nio’s shares rose 5.5% to HK$41.10 on Monday, according to HSBC warrants data. (Com)
Battery swapping is capital-heavy. Higher utilisation can help spread fixed costs, but it can also highlight the size of the ongoing bill if demand cools after the holiday travel rush fades.
Earlier this month, Nio issued a profit alert for the fourth quarter, forecasting an adjusted profit from operations of 700 million to 1.2 billion yuan. The company said the figure excludes share-based compensation, a non-cash expense, and warned the numbers were still preliminary as it finalised full results. (GlobeNewswire)
But the swap figures do not translate directly into new-car demand. Much of the traffic comes from the installed base, and a return to normal commuting patterns can pull volumes down quickly.
Traders will watch for the company’s February delivery update in early March and the full fourth-quarter report, which Investing.com lists for March 19. (Investing)
