NIO Inc. stock trades at EUR 2.99 after Geely battery deal

Published on 09/30/2026 at 10:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NIO Inc. stock was at EUR 2.99 at Lang & Schwarz, down 0.66 percent from EUR 3.01 on September 30, 2026. Geely will take 30.00 percent of NIO Power.

NIO Inc., US62914V1061, Illustration mit AI erstellt.

NIO Inc. (ISIN US62914V1061) was trading at EUR 2.99 at Lang & Schwarz on September 30, 2026 at 10:44 a.m. CEST, down 0.66 percent from the EUR 3.01 prior close on September 29, 2026. The latest operating catalyst is a battery-swapping partnership with Geely that gives the network a new strategic investor.

Geely takes 30.00 percent

According to Reuters on September 28, 2026, Geely Holding agreed to acquire 30.00 percent of NIO Power. The consideration includes RMB 640.0 million in cash and the full equity interest in Yiyi Power, while NIO China will retain a controlling 63.60 percent stake.

The transaction links NIO's charging and battery-swapping infrastructure with Geely's commercial mobility business. Reuters also reported that NIO will take a 10.00 percent stake in Geely's Haohan Energy charging subsidiary, creating a two-way asset and technology arrangement.

Q2 growth meets continued losses

In its Q2 2026 results dated September 1, 2026, NIO Inc. reported total revenue of RMB 32.1 billion, up 69.10 percent from Q2 2025 and 25.90 percent from Q1 2026. Vehicle deliveries reached 107,658, an increase of 49.40 percent year over year, while gross profit rose 211.30 percent to RMB 5.9 billion.

The improvement has not yet produced GAAP profitability. NIO posted a Q2 net loss of RMB 528.0 million, although that was 89.40 percent below the RMB 4.995 billion loss in Q2 2025. Vehicle margin was 18.50 percent, compared with 10.30 percent one year earlier.

Analysts keep a cautious view

MarketBeat reported that JPMorgan cut its NIO price target from USD 7.00 to USD 4.50 and downgraded the stock from Overweight to Neutral on September 2, 2026. The same report said Sanford C. Bernstein reduced its target from USD 6.00 to USD 5.00 and kept a Market Perform rating.

NIO's Q3 guidance sets deliveries at 108,000 to 111,000 vehicles and revenue at RMB 33.285 billion to RMB 34.051 billion. The midpoint of the delivery range is higher than Q2's 107,658 units, but the guidance still leaves execution and margin improvement as the central test for the Geely strategy.

NIO stock holds near yearly low

NIO stock was trading at EUR 2.99 at Lang & Schwarz on September 30, 2026 at 10:44 a.m. CEST, down 0.66 percent versus the EUR 3.01 prior close on September 29, 2026. The primary listing is NYSE, and the USD 3.38 to USD 8.02 52-week range and USD 8.4 billion market capitalization were quoted as of September 29, 2026.