Nio reports 20,797 deliveries in Feb, extends promotions to boost spring sales

• The Nio main brand delivered 15,159 vehicles in February, representing a 65.80% year-on-year increase.
• The 2026 Spring Festival holiday was in mid-to-late February, leading to seasonal weakness across the industry.

Nio Inc Monthly Deliveries 2024-2026

Month
2024
2025
2026
January 10,055 13,863 27,182 February 8,132 13,192 20,797 March 11,866 15,039 April 15,620 23,900 May 20,544 23,231 June 21,209 24,925 July 20,498 21,017 August 20,176 31,305 September 21,181 34,749 October 20,976 40,397 November 20,575 36,275 December 31,138 48,135

Nio Inc monthly deliveries

2024

2025

2026

Nio Inc (NYSE: NIO, HKG: 9866) achieved substantial year-on-year growth in February deliveries despite the widespread negative impact of the Chinese New Year holiday on production and deliveries across China’s auto industry.

The Chinese electric vehicle (EV) maker announced on Sunday that it delivered 20,797 new vehicles in February, a 57.6% year-on-year increase despite a 23.49% decline from January.

The 2026 Spring Festival holiday fell in mid-to-late February, while last year it was primarily January. This caused seasonal weakness across the industry, with competitors’ deliveries also broadly impacted.

Within February’s total deliveries, the Nio main brand contributed 15,159 units, up 65.80% year-on-year but down 27.45% from January.

Nio Brand Monthly Deliveries 2024-2026

Month
2024
2025
2026
January 10,055 7,951 20,894 February 8,132 9,143 15,159 March 11,866 10,219 April 15,620 19,269 May 20,544 13,270 June 21,209 14,593 July 20,498 12,675 August 20,176 10,525 September 20,349 13,728 October 16,657 17,143 November 15,493 18,393 December 20,610 31,897

Nio brand monthly deliveries

2024

2025

2026

Its sub-brand Onvo delivered 2,981 vehicles, down 26.38% year-on-year and down 14.36% month-on-month.

Onvo Monthly Deliveries 2024-2026

Month
2024
2025
2026
January 5,912 3,481 February 4,049 2,981 March 4,820 April 4,400 May 6,281 June 6,400 July 5,976 August 16,434 September 832 15,246 October 4,319 17,342 November 5,082 11,794 December 10,528 9,154

Onvo monthly deliveries

2024

2025

2026

The Firefly sub-brand delivered 2,657 units, down 5.34% from January.

Firefly Monthly Deliveries 2025-2026

Month
2025
2026
January 2,807 February 2,657 April 231 May 3,680 June 3,932 July 2,366 August 4,346 September 5,775 October 5,912 November 6,088 December 7,084

Firefly monthly deliveries

2025

2026

The all-new ES8, serving as the core profit engine, continued its strong performance. The flagship SUV reached its 70,000th delivery by late February, further solidifying Nio’s position in the premium market.

Benefiting from robust sales of high-margin models, the market anticipates Nio will report its first quarterly profit in the earnings announcement scheduled for March 10.

Its chip subsidiary, GeniTech Co Ltd (Shenji), recently completed its first round of financing exceeding 2.2 billion yuan ($320 million), with a valuation approaching 10 billion yuan.

Infrastructure-wise, Nio reached the milestone of 100 million battery swaps in early February, with daily battery swap service volume during the Spring Festival period increasing by 29.4% year-on-year.

To address first-quarter sales pressure and boost March demand, Nio announced the extension of its 7-year low-interest loans for multiple models under its main brand until the end of this month.

In the meantime, Nio introduced a 10,000 yuan purchase tax subsidy for the ES8 to sustain sales momentum.

The Onvo brand launched a purchase tax subsidy of up to 10,262 yuan, while the Firefly brand offered a 3,000 yuan optional equipment fund and a 2,000 yuan purchase tax subsidy.

Models under the Onvo and Firefly brands are also eligible for the 7-year low-interest loans.

Earlier this month, Nio issued a rare profit alert, projecting fourth-quarter non-GAAP operating profit between RMB 700 million and RMB 1.2 billion.

($1 = 6.8582 yuan)