New York, Feb 24, 2026, 06:13 EST — Premarket
Nio Inc’s U.S.-listed shares were down 0.2% at $5.28 in premarket trading on Tuesday. The stock rose 4.34% to close at $5.29 in the previous session, after trading between $5.19 and $5.40 on volume of about 52.5 million shares. (Yahoo Finance)
The China-based electric vehicle maker said it provided one million battery swaps in less than a week during the Lunar New Year holiday, according to EV site eletric-vehicles.com. “Battery swapping has now become a mainstream energy replenishment solution for new energy vehicles in China,” the company said in a Weibo post cited by the publication. (EV)
Battery swapping lets drivers exchange a depleted pack for a charged one in minutes, avoiding the longer wait of plugging in at a fast charger. CarNewsChina reported Nio’s daily swaps hit 175,976 on Feb. 21, a record for the fourth straight day, equivalent to one swap roughly every half-second across its network. (Carnewschina)
Attention has also turned to product cadence. Nio President Qin Lihong said the company was “planning to hold the product and technology launch event around April 10” for its ES9, and flagged “deliveries starting on June 1,” according to eletric-vehicles.com. (EV)
In Hong Kong, Guotai Haitong Securities initiated coverage on Nio’s shares with an Overweight rating and a target price of HK$50.59, AASTOCKS reported. The broker said the company’s “product matrix continues to expand.” (AAStocks)
Nio’s climb on Monday came against a weak tape for autos and parts. The S&P 500 fell 1.04% and Tesla slid 2.91%, MarketWatch data showed. (MarketWatch)
Earlier this month, Nio said it had completed its 100 millionth battery swap and said its Power Swap service averages about three minutes per swap. It said it had deployed 3,790 Power Swap Stations worldwide and planned to build 1,000 additional stations in 2026. (Nio)
But the story can turn fast. Nio is recalling 246,229 vehicles in China due to a software issue that could cause brief blackouts of the instrument cluster and central control screen, Reuters reported, with fixes to be handled via remote updates where possible. (Reuters)
Nio has been trying to sharpen its cost base as a price war drags on in China’s crowded EV market. Earlier this month it said it expected its first-ever adjusted operating profit — a metric that strips out some non-core items — in the fourth quarter of 2025, driven by higher vehicle sales and cost cuts. (Reuters)
The next hard catalyst is earnings. Nio is due to release its next results on March 19, according to Investing.com, with investors looking for clarity on margins, cash spending and whether the battery-swap surge holds after the holiday rush. (Investing)
