Why NIO Stock Is Gaining Today

Zinger Key PointsOnvo L90 pre-sales start at $39K, undercutting Li Auto rivals.Morgan Stanley maintains Buy on NIO, sets $5.90 price target.Up Next: Get 5 Dark Horse Stocks Wall Street Is Quietly Loading Up OnNIO Inc. – ADRNIOsharesare rising on Friday.The company’s family-oriented sub-brandOnvoreportedlykicked off pre-sales for its new flagship SUV, the L90.The launch positions Nio for a direct face-off with domestic rivalLi Auto Inc.LI, which is preparing to debut its first fully electric SUV, the Li i8, later this month,reportsCnEV Post.Also Read:Tesla Rival Xiaomi Wants To Sell Cars Internationally Starting 2027, CEO Lei Jun SaysMorgan Stanley analystTim Hsiaoreiterated his Buy rating on Nio, with a $5.90 price target, citing the launch of theOnvo L90 electric SUV as a key catalyst.The L90 pre-sales began at a tech event in Hefei, home to Nio’s production facilities.Onvo set an initial price of RMB279,900 ($39,000), including an 85-kWh battery — under CEOWilliam Li’spreviously stated RMB300,000 target and potentially even lower at official launchThe L90 is expected to undercut Li Auto’s upcoming Li i8 and its premium Li L9 model, which starts at RMB409,800, CnEV Post adds.Onvo’s SUV will be available in six- and seven-seat variants, with a five-seat L80 version set to launch later this year. TheL90’s dimensions and conventional SUV styling reflect current Chinese consumer preferences and contrast with Li i8’s MPV-inspired design.At the event, Nio’s CEO highlighted the L90’s energy efficiency and lightweight construction.The SUV weighs between 2,250 kg and 2,385 kg, lighter than the Li i8, which ranges from 2,580 kg to 2,610 kg.Nio also leverages its extensive charging infrastructure — over 3,400 battery swap stations and nearly 2,900 superchargers — to support the L90 rollout.Showroom vehicles are already available across Onvo’s retail network, with official deliveries scheduled to begin Aug. 1.This rapid deployment mirrors Li Auto’s efficiency in rolling out new models, suggesting NIO is keen on matching its rival’s speed and execution in the increasingly competitive EV market.NIO Price Action:Nio shares are trading higher by 5.56% to $3.90 at publication on Friday.Loading...Loading...Read Next:Why IonQ Is My Top Stock Pick For 2025Photo: Courtesy NioLILi Auto Inc$27.822.26%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum81.42Growth98.09QualityN/AValue86.63Price TrendShortMediumLongOverviewNIONIO Inc$3.885.15%This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:EquitiesNewsGlobalTop StoriesMarketsMoversGeneral