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