NIO stock falls 1.90 percent to EUR 3.09 as Geely deal reshapes NIO Power

Published on 09/29/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NIO stock stood at EUR 3.09 at Lang & Schwarz on September 29, 2026 at 1:21 p.m. CEST, minus 1.90 percent versus EUR 3.15. Geely will take 30.00 percent of NIO Power.

NIO Inc., US62914V1061, Illustration mit AI erstellt.

NIO stock (ISIN US62914V1061) was trading at EUR 3.09 at Lang & Schwarz on September 29, 2026 at 1:21 p.m. CEST, down 1.90 percent versus the prior close of EUR 3.15. The move followed a strategic battery-swapping agreement that gives Geely a direct stake in NIO's energy business while leaving NIO China in control.

Geely takes 30.00 percent of NIO Power

According to Reuters on September 28, 2026, Geely Holding Group will acquire 30.00 percent of NIO Power. The consideration includes Geely's battery-swapping subsidiary Yiyi Power and RMB 640.0 million in cash, valuing NIO Power at approximately RMB 16.0 billion after the investment.

NIO China will retain a controlling 63.60 percent stake, according to NIO in its September 28, 2026 announcement. The companies also plan to connect charging networks and develop battery-swapping technologies and standards for consumer vehicles and commercial mobility.

Revenue rose 69.10 percent in Q2

NIO reported RMB 32,136.9 million in total revenue for the second quarter of 2026, an increase of 69.10 percent from the second quarter of 2025 and 25.90 percent from the first quarter. Gross profit reached RMB 5,906.5 million, up 211.30 percent year over year, while gross margin was 18.40 percent, versus 10.00 percent a year earlier, according to NIO on September 1, 2026.

The company delivered 107,658 vehicles in Q2 2026, up 49.40 percent year over year. The quarter still produced a GAAP net loss of RMB 528.0 million, although adjusted net profit was RMB 26.1 million.

Analyst targets stay above the quote

MarketBeat reported on September 17, 2026 that 16 brokerages had an average Hold rating and a 12-month price target of USD 5.98. JPMorgan had cut its target from USD 7.00 to USD 4.50, while Bernstein reduced its target from USD 6.00 to USD 5.00 in September, keeping the analyst backdrop cautious.

Stock trades below prior close

NIO stock was trading at EUR 3.09 at Lang & Schwarz on September 29, 2026 at 1:21 p.m. CEST, minus 1.90 percent versus the prior close of EUR 3.15. The primary listing is on the NYSE, where NIO trades under the ticker NIO.