Chinese electric vehicle maker Nio Inc. (NYSE:NIO) sustained its growth momentum and reported strong January deliveries on Sunday.
The company, a major rival to Tesla, Inc. (NASDAQ:TSLA), witnessed a 96.1% year-over-year (Y/Y) surge in deliveries to 27,182 vehicles last month.
Nio's third-generation ES8 dominated January deliveries, accounting for nearly two-thirds of total volume. The third-generation ES8 SUV delivered 17,646 units in January, representing 64.92% of Nio Inc's total monthly deliveries of 27,182 vehicles, according to a report by CnEVPost.
The deliveries include 20,894 units under the NIO brand, 3,481 vehicles from the ONVO brand, and 2,807 FIREFLY vehicles.
As of January 31, 2026, Nio’s cumulative deliveries stood at 1,024,774.
NIO WorldModel upgrade
In January 2026, NIO launched an upgraded NIO WorldModel, which is now rolling out to over 460,000 vehicles, and expects additional platforms to follow.
The update adds closed-loop reinforcement learning to enhance assisted driving across urban and highway scenarios, while improving smart parking and safety features.
Also, Nio surpassed 1 million cumulative deliveries in January 2026.
The company plans to continue investing in core smart EV technologies and expanding its battery swapping and charging network.
Major Peers Lag
Meanwhile, rival Li Auto Inc. (NASDAQ:LI) reported 27,668 vehicle deliveries, a decline from 29,927 deliveries in January 2025.
Also, XPeng Inc. (NYSE:XPEV) delivered 20,011 vehicles in January 2026, which fell 34% Y/Y.
Price Action: Nio shares were down 2.13% at $4.59 during premarket trading on Monday, according to Benzinga Pro data. Li Auto edged 0.66% lower to $16.52, while XPeng saw the sharpest drop, sliding 5.45% to $17.00.
Photo by Robert Way via Shutterstock
