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Nio Shares Fall 4% After Q2 Revenue Miss and Battery/Chip Cost Warning

NIO logoNIO
Sig2.92Sen-1.75Env0.00Soc0.00Gov0.00
XPeng logoXPeng
Sig1.70Sen-1.60Env0.00Soc0.00Gov0.00

Nio posted Q2 2026 results with revenue up 69.1% YoY to RMB32.14 billion, but it fell short of expectations, while GAAP net loss narrowed to RMB528 million and adjusted profit came in. ES8 and ES9 carry margins above 20%, yet management warned higher battery and memory-chip costs could add RMB2,000–RMB3,000 per vehicle in H2, aiming to keep Q3–Q4 margin near 18.5%.

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