JPMorgan Retains an Overweight Rating on NIO Inc. (NIO)

NIO Inc. (NYSE:NIO) is among the Goldman Sachs EV and Battery Stocks.

On February 9, 2026, JPMorgan analyst Nick Lai cut NIO Inc. (NYSE:NIO)’s price objective from $8 to $7 and retained an Overweight rating. The corporation predicted that China’s auto industry would underperform in 2026, noting falling passenger vehicle growth. JPMorgan also reduced Li Auto’s profitability prediction to a loss this year due to lower sales volumes and margins.

On February 1, 2026, the company delivered 27,182 vehicles in January 2026, representing a 96.1% growth year on year. The deliveries comprised 2,807 vehicles from the compact smart high-end electric car brand Firefly, 3,481 vehicles from the family-focused smart EV brand ONVO, and 20,894 vehicles from its premium smart EV brand Nio.  A total of 1,024,774 units have been delivered as of January 31, 2026.

Separately, on January 16, 2026, Macquarie kept its Outperform rating on NIO Inc. (NYSE:NIO). The price target jumped from $5.30 to $6.10. The corporation raised its FY26 volume prediction by 7% due to increasing demand for the ES8 and Firefly models. Macquarie considers that volume growth of around 40% is conceivable, even if it anticipates a larger net loss and margin compression in FY26. This level of expansion would enable the company to increase its market share despite the generally challenging conditions in China’s electric vehicle industry.

NIO Inc. (NYSE:NIO) is a holding company that designs, manufactures, and sells electric vehicles. Its models include the EP9 supercar and the ES8 seven-seater SUV. It offers home charging, power express valet services, and other power options, such as public charging, access to power mobile charging trucks, and battery swapping.

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Disclosure: None.