NIO: 49.2% for Nine Months, 7.7% for September. Why?

Original SignalSage data graphic from NIO’s October 1, 2026 release. January–September 2026: 300,301 deliveries, +49.2% year over year. September 2026: 37,408, +7.7% year over year. A three-color ring splits September units into NIO brand 21,318, ONVO 8,763 and firefly 7,327. Calculated unit shares are 57.0%, 23.4% and 19.6%, rounded; not revenue shares. Research checks: matching periods, prices, margins and operating cash flow. Not an app test or return forecast.

NIO’s new delivery report offers two different growth signals. For US-listed NIO research, reading the time periods and brand mix together gives a clearer starting point than carrying the biggest percentage into every conclusion.

Two periods, two comparisons

NIO’s October 1, 2026 release reports 300,301 vehicles for January–September, up 49.2% year over year. September alone was 37,408, up 7.7% year over year. One compares nine months with nine months; the other compares one month with the same month a year earlier. Neither percentage is a sequential monthly growth rate.

Inside September’s total

The company reports 21,318 NIO-brand vehicles, 8,763 ONVO vehicles and 7,327 firefly vehicles. They add to 37,408. Dividing each by the total gives approximately 57.0%, 23.4% and 19.6%. These are our calculated unit shares, rounded to one decimal; they are not revenue shares or company-reported margins.

How to use the worksheet

First, keep a separate line for each period. Do not splice a September growth figure into a nine-month trend. Second, preserve the brand labels when updating your research note. A group total cannot tell you which product economics drove a change. Third, write the unanswered question beside the delivery number: what happened to realized selling prices, vehicle margins and operating cash flow?

Our research conclusion

The report supplies a fresh volume input. To assess business quality, compare it with subsequent financial disclosures using matching periods and consistent definitions. A mix shift can change economics, but the delivery count alone cannot establish its size or direction. This worksheet is not a valuation estimate or a buy/sell recommendation.

SignalSage by MerlaTech offers US Stock Research / AI Stock Analysis on iPhone and Android. Use a repeatable evidence checklist as reports arrive. English UI; some features require in-app purchases or a subscription.

iPhone + Android: iPhone and Android download links

Official source, announced October 1, 2026; delivery period September and January–September 2026: NIO official delivery release — Oct 1, 2026

Original data graphic; AI-assisted writing. Calculated unit shares are labeled in the graphic. No app measurement or return promise.

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