NIO Hong Kong shares hit 14-month low on widened loss vs Q1

NIO

02/09/2026 04:16

** Hong Kong shares of NIO Inc 9866.HK drop 5.7% to HK$29.28, lowest level since July 2025 
** NIO on track for a fifth straight session of declines; top pct loser in the Hang Seng TECH Index .HSTECH, which is down 1.5%
** U.S.-listed shares NIO.N slid 4% on Tuesday 
** EV maker said Q2 total revenue up 25.9% q/q, gross profit up 21.6%, while net loss widened to 528 million yuan ($78.55 million) from 332.1 million yuan in Q1
** NIO says it delivered 35,836 vehicles in August, up 14.5% y/y
** Jefferies, with "hold" rating, says NIO's 2Q26 GAAP net loss, vehicle margin miss 
** Citi says 2Q Non-GAAP in-line and gross profit margin ahead of consensus 
** It, however, lowers target price for NIO's U.S. shares to $7.1 and Hong Kong stock to HK$54.4 on lower volume assumptions amid company commitment on volume/margin balance
** YTD, Hong Kong stock down 27.9%, U.S. shares down 20.4%

($1 = 6.7220 Chinese yuan)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))