Registration data released Tuesday showed that the electric vehicle brand Nio recorded its best sales week of the year in China with 6,500 units registered between April 21 and 27.
The 20% jump from the previous week was mainly driven by higher volumes of the five-seat SUV ES6 and the station wagon ET5 Touring models.
The Shanghai-based premium brand sold 2,460 units of the ES6 in the week of April 21–27, up from 1,900 units the previous week. Sales of the ET5 Touring also rose to 1,960 units, compared with 1,800 units recorded in the third week of the month.
The company’s founder and CEO William Li said in February that Nio’s best selling models ET5, ET5 Touring, ES6 and the EC6 would get a 2025 refreshed version with several interior changes, such as horizontal screens and Nio’s in-house developed autonomous driving chip, ditching Nvidia.
Ahead of the launch of the new versions, the coupe-SUV EC6 reached 860 units versus 663 the prior week, and the ET5 sedan with 630 units sold, up from 586.
Deliveries of the flagship sedan ET9 increased to 250 units from 212 in the previous week. The company began volume deliveries of the model in late March with William Li handing over several units to key executives during the Shanghai Auto Show last week, including CATL and ZF chief executives.
Models including the ES8, ET7, EC7, and ES7 were grouped under the “Others” category in the latest chart, which totaled 350 units, down from a combined 290 units the week before — according to data shared by the X user ThinkerCar.
In the final quarter of the year, Nio is planning to launch the 2025 version of its three-row flagship SUV, the ES8.
As initially reported by CnEVPost, Deutsche Bank released a new research note on early Wednesday where the analyst Wang Bin expects Nio Group deliveries to reach 25,000 units, when including both sub-brands Onvo and Firefly.
The analyst estimates the Nio brand to deliver 20,000 units, Onvo 4,400 and Firefly, which started deliveries on Tuesday, 600 units.
The Nio brand recorded 17,200 domestic sales between March 31 and April 27, with three days remaining in the month.
The sales increase followed the introduction of a temporary incentive package for April, which included five years of free battery swapping, interest-free financing, and other benefits on 2024 models that will soon be replaced by the 2025 version.
When adding Nio’s family-oriented sub-brand Onvo, the Group’s total weekly sales reached 7,970 vehicles, up from the 6,200 registered in the previous week.
Nio shares surged nearly 8% on Monday after Citi analyst Jeff Chung added the stock to the “30-Day Positive Catalyst Watch” list. Citi increased its 2026 full year sales estimates by nearly 150,000 units while saying that it expects the company “to launch new models much earlier than the consensus expected.”
Citi also reaffirmed the 8.10 price target which, based on Friday’s closing price of $4.03, implies an upside potential of 101%.
Nio Group delivered 15,039 vehicles in March, a nearly 27% year-on-year increase. However, sales of the Nio brand fell 13% from a year ago to 10,219 units.
