New York, Feb 24, 2026, 06:13 EST — Premarket
Nio Inc’s U.S.-listed shares slipped 0.2% to $5.28 ahead of the bell on Tuesday. The previous session saw the stock climb 4.34%, ending at $5.29, after moving in a $5.19 to $5.40 range with roughly 52.5 million shares changing hands.
China’s electric vehicle manufacturer reported hitting one million battery swaps in under a week over the Lunar New Year holiday, eletric-vehicles.com noted. The company took to Weibo, writing, “Battery swapping has now become a mainstream energy replenishment solution for new energy vehicles in China,” as quoted by the publication. EV
Battery swapping gives drivers the option to trade out a depleted pack for a charged one within minutes, sidestepping the downtime of fast charging. According to CarNewsChina, Nio hit 175,976 swaps on Feb. 21—marking a fourth consecutive day of record volume. That works out to nearly one swap every half-second across the company’s network.
Product rollout is in focus too. Nio President Qin Lihong told eletric-vehicles.com the company aims to stage its product and tech launch for the ES9 “around April 10,” with “deliveries starting on June 1.” EV
Guotai Haitong Securities kicked off coverage on Nio in Hong Kong with an Overweight call and set the target price at HK$50.59, according to AASTOCKS. The firm pointed to Nio’s “product matrix continues to expand.” AAStocks
Nio managed gains Monday, even as autos and parts lagged. The S&P 500 dropped 1.04%, with Tesla shedding 2.91%, according to MarketWatch data.
Nio announced earlier this month that it wrapped up its 100 millionth battery swap. The company claims its Power Swap service typically takes around three minutes per exchange. So far, Nio has rolled out 3,790 Power Swap Stations across the globe, and it’s targeting another 1,000 stations to be built in 2026.
Things can flip quickly. Nio is pulling back 246,229 vehicles across China after a software glitch led to sporadic blackouts in the instrument cluster and central control screens, Reuters said. The company plans to address the issue remotely for most owners.
Nio is working to tighten expenses as China’s EV market faces persistent price battles. Earlier this month, the company projected it would reach adjusted operating profit for the first time in the fourth quarter of 2025, crediting rising vehicle sales and ongoing cost reductions for the anticipated turnaround.
Earnings are the next major event on deck. Nio’s slated to report March 19, per Investing.com. Investors will be watching for updates on margins, cash burn, and if battery-swap demand keeps up post-holiday.
