Nio kept its volume engine running through September, reporting 37,408 vehicle handovers for the month — a 7.7% improvement over the same month a year earlier. The quarterly picture was stronger still: 109,178 units left the company’s delivery centers between July and September, translating into a 25.4% jump year over year.
The cumulative tally tells a similar story. Across the first nine months of the year, Nio delivered 300,301 vehicles, up 49.2% from the comparable stretch of the prior year. That figure also highlights a subtle shift in pace — growth over the full year-to-date period has outpaced the single-month September rate by a wide margin, suggesting the quarterly expansion cooled somewhat as the period wore on.
Geely Deal Redraws the Ownership Map at NIO Power
While the delivery data drew the headlines, a separate transaction has been quietly reshaping Nio’s charging and battery-swap subsidiary. Roughly a week ago, Nio struck an agreement with Zhejiang Geely Holding Group under which a Geely subsidiary will take a 30.0% stake in NIO Power. In return, Nio receives full ownership of Yiyi Internet Technology (Chongqing) Co., Ltd. plus RMB 640 million in cash.
The deal remains subject to regulatory approvals and customary closing conditions. Once completed, NIO China will retain a 63.6% majority holding in NIO Power, with existing investor Wuhan Guangchuang keeping its 6.4% position. NIO Power’s valuation after the capital measure is expected to come in at approximately RMB 16 billion. In a related move, Nio China agreed to subscribe for a 10% stake in Geely’s Zhejiang Haohan Energy Technology subsidiary, with the proceeds earmarked to fund Haohan’s purchase of certain charging assets from Nio.
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The arrangement does more than shuffle equity — it pulls Geely directly into Nio’s infrastructure operations and hands the Chinese automaker fresh capital to work with.
Market Sentiment Stays Muted
None of this has translated into share-price enthusiasm. On Friday, the stock closed at EUR 3.00, a 1.0% daily decline that left it just 1.4% above its 52-week low. Since the start of the year, the shares have shed 37% of their value.
Part of the drag comes from margin pressure that continues to weigh on the broader Chinese electric-vehicle sector, keeping market participants cautious even as Nio’s operational numbers improve. The company’s expanding model lineup and its build-out of a dense charging and battery-swap network remain central to its competitive positioning in a home market defined by fierce price competition.
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