Nio Stock Continues To Climb: What's Going On?

Zinger Key PointsNio shares have rallied on the heels of the company's product and technology launch for the Onvo L90 last week.The official launch for the Onvo L90 is expected by the end of the month, with deliveries expected on Aug. 1.Up Next: Get 5 Dark Horse Stocks Wall Street Is Quietly Loading Up OnNIO IncNIOshares are trading higher Monday. The move appears to be driven by continued momentum following the company’s Onvo L90 pre-orderlaunch last week.What Happened:Nio on Thursday held its product and technology launch for the Onvo L90. The company announced that the large three-row SUV will start at RMB 279,900 ($39,040), or RMB 193,900 if the customer opts for the battery as a Service option.The official launch for the Onvo L90 is expected by the end of the month, with deliveries planned to start on Aug. 1 in the Chinese market.Morgan Stanley recently reiterated a Buy rating on Nio and price target of $5.90 as the analyst firm expects the Onvo L90 launch to be a catalyst for the company. Nio shares have rallied in recent sessions and are now up more than 15% over the past week.At the beginning of the month, Nio said it delivered 24,925 vehicles in June, up 17.5% on a year-over-year basis. 6,400 of those deliveries were Onvo brand vehicles.Nio said it delivered a total of 72,056 vehicles in the second quarter, up 25.6% year-over-year. Cumulative deliveries grew to 785,714 as of June 30.Nio recently guided for second-quarter sales of $2.69 billion to $2.77 billion versus estimates of $2.78 billion, according toBenzinga Pro. Analysts currently expect the EV company to report a second-quarter loss of 30 cents per share and revenue of $2.76 billion.Nio has missed analyst estimates on the top and bottom lines in the past two quarters. The stock is down about 10.5% year-to-date and is trading well below its 52-week high of $7.71.Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100.Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedHow To Buy NIO StockBesides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.For example, in Nio's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.NIO Price Action:Nio shareswere up 5.13% at $4.10 at the time of publication Monday, according toBenzinga Pro.Loading...Loading...Read Next:UK Commits $84 Million To Charging Infrastructure, Plans $944 Million Subsidy Package—Tesla May Be Left OutPhoto: courtesy of Nio.NIONIO Inc$4.105.13%Stock Score Locked: Edge Members OnlyBenzinga Rankings give you vital metrics on any stock – anytime.Unlock RankingsEdge RankingsMomentum23.18Growth13.32QualityN/AValue32.80Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:NewsGlobalMoverswhy it's moving