BlackRock nearly doubled its position in Chinese EV maker Nio during the first quarter of 2026, raising its stake by 92.2% to 10.73 million shares, according to a new 13F filing.
The world’s largest asset manager added 5.15 million shares of Nio‘s ADRs in the first three months of the year, bringing total holdings to 10,728,059 shares valued at $64.7 million as of the quarter-end reporting date.
The position is now valued at approximately $70.2 million based on Nio‘s current trading price of $6.40.
As of the end of 2025, the largest institutional shareholders of the premium brand were D. E. Shaw, Susquehanna, Morgan Stanley, and Goldman Sachs.
Abu Dhabi based CYVN Holdings holds about 17.9% of Nio since late 2023.
Last January, CYVN holdings merged its stakes in the company into a new fund named L’imad, whose board chairman is the Crown Prince of Abu Dhabi.
The Buildup Trajectory
BlackRock had increased its Nio holdings by 153.0% in the final quarter of 2025 — from 2.21 million shares to 5.58 million shares — meaning the asset manager’s position has now expanded by approximately 386% over two consecutive quarters.
The position’s value has grown from $16.8 million at the end of Q3 2025 to $64.7 million at the end of Q1 2026 — a nearly fourfold increase in disclosed value over six months.
Nio posted its first ever quarterly profit reported in late 2025 and plans to achieve full-year non-GAAP profitability in 2026.
Historical Context
Despite the rapid Q4 2025 and Q1 2026 accumulation, BlackRock’s current position remains a fraction of its historical peak in the Chinese automaker.
The asset manager held approximately 62-66 million Nio shares continuously from 2022 through mid-2024, with peak positions valued at over $1 billion in early 2022.
BlackRock executed a major reduction in Q3 2024, cutting its position by 91.6% — from 60.47 million shares to 5.11 million shares in a single quarter — followed by further reductions through Q3 2025.
The current 10.73 million share position represents approximately 17% of BlackRock’s 2022-2024 average holding, suggesting the Q1 2026 accumulation reflects a tactical reposition rather than a full restoration of conviction.
The current $64.7 million position value represents approximately 0.0011% of BlackRock’s total disclosed portfolio allocation — well below historical levels when the Nio position approached 0.018% of portfolio.
Q1 Results
The Chinese EV maker delivered 83,465 vehicles in Q1 2026 — a 98.3% year-on-year increase that exceeded the upper end of management’s guidance range of 80,000-83,000 units.
Nio‘s ES8 SUV selling 13,020 units in April, maintaining its position as China’s best-selling large SUV for a fifth consecutive month and the top-ranking model in China’s premium large SUV segment priced above 400,000 yuan across both EV and gasoline categories.
Founder and Chief Executive Officer William Li has acknowledged Q2 2026 pressure but framed the ES9 and L80 launches as the bridge to the company’s full-year profitability target.
Nio’s Q1 2026 earnings report will be released on May 21.
