What in the World Happened to Nio?
It wasn't that long ago that Nio (NYSE: NIO) seemed poised to post a breakout fourth quarter.The Chinese electric vehicle (EV) maker had delivery momentum driven by a new brand, Onvo, which began boosting deliveries at the end of 2024. It had a good third quarter when it improved vehicle margins amid a challenging environment, and it had launched yet another brand, Firefly, that was positioned to drive the top line even higher throughout 2025.But then Q4 largely disappointed Wall Street analysts and main street investors alike. So what happened?Continue reading

It wasn't that long ago that Nio (NYSE: NIO) seemed poised to post a breakout fourth quarter.
The Chinese electric vehicle (EV) maker had delivery momentum driven by a new brand, Onvo, which began boosting deliveries at the end of 2024. It had a good third quarter when it improved vehicle margins amid a challenging environment, and it had launched yet another brand, Firefly, that was positioned to drive the top line even higher throughout 2025.
But then Q4 largely disappointed Wall Street analysts and main street investors alike. So what happened?