NIO surges after reporting first ever net profit for Q4

NIO

11/03/2026 02:17

** Shares of Chinese EV maker NIO 9866.HK rally as much as 19.7% to the highest level since November

** The company reported earlier on Tuesday an adjusted net profit of RMB726.8 million (US$103.9 million) for Q4, its first-ever quarterly net profit

** Management also gave strong revenue guidance for 1Q26

** "NIO is now able to harvest a decade of upfront spending on brandbuilding, battery swapping, and service centres to differentiate vs. peers," Macquarie said in a note

** The bank maintains outperform rating on the stock, raises the 12-month price target by 9% to HK$51.00

($1 = 6.8770 Chinese yuan)

 ((jiaxing.li@thomsonreuters.com))