NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. It offers five and six-seater electric SUVs, as well as smart electric sedans. The company also offers power solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Charger and Destination Charger; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for Power valet service. In addition, it provides repair, maintenance, and bodywork services through its NIO service centers and authorized third-party service centers; statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; repair and routine maintenance; courtesy vehicle services; roadside assistance; data packages; and auto financing and financial leasing services. Further, the company involved in the provision of energy and service packages to its users; design and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. Additionally, it offers NIO Certified, a used vehicle inspection, evaluation, acquisition, and sales service. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was incorporated in 2014 and is headquartered in Shanghai, China.

NIO Inc.

NIO Inc. NIO has exceeded 90 million cumulative battery swap services, achieving this milestone just 100 days after reaching 80 million, per CnEVPost. The 90 millionth swap was completed on Oct. 26, 2025, per the Chinese electric vehicle (EV) manufacturer's announcement on Weibo. NIO now performs more than 100,000 battery swaps daily, with the 100 millionth service expected soon.
The company reported that total electricity dispensed through its battery swap network has reached 4.75 billion kWh, enough to power more than 2.37 million households for a year.
Per CnEVPost, NIO established its first battery swap station in Shenzhen on May 20, 2018, and has since rapidly expanded its network. It took 29 months to complete its first million swaps. It completed 10 million swaps on July 4, 2022, 50 million on Aug. 5, 2024, 60 million on Dec. 13, 2024, 70 million on April 1, 2025, and 80 million on July 19, 2025. The pace of NIO’s battery swap services is rapidly increasing with an expanding owner base, and the 100 millionth swap is anticipated around January 2026.
In the third quarter of 2025, NIO delivered 87,071 vehicles, up 40.8% year over year, marking a record quarterly high. Cumulative vehicle deliveries reached 872,785 as of Sept. 30, 2025. NIO carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Charging Infrastructure of NIO’s Peers
Tesla, Inc. TSLA operates the world’s largest and fastest-charging network, featuring more than 70,000 Superchargers globally. In September, the company introduced its first V4 Supercharger cabinets, offering triple the power density and twice the number of stalls per cabinet compared to V3 models. This upgrade delivers higher throughput, greater efficiency, lower costs and faster deployment. The V4 Superchargers support charging speeds of up to 500 kW for passenger vehicles and 1,200 kW for the Tesla Semi, making them the fastest truck chargers in the United States. By the end of the third quarter of 2025, Tesla’s Supercharger network included 7,753 stations worldwide.
Per an InsideEVs Global report published on MSN, Rivian Automotive, Inc. RIVN operates more than 120 DC fast charging stations across the United States, most of which are accessible to all EVs. Rivian has around 122 total sites nationwide, 93 open to the public and 29 reserved exclusively for R1S and R1T owners. This marks significant growth from 67 operational locations in February of the previous year.
NIO’s Price Performance, Valuation and Estimates
NIO has outperformed the Zacks Automotive-Foreign industry, Tesla and Lucid year to date. Its shares have surged 58.3% compared with the industry’s growth of 6%. Shares of Tesla have risen 7.4%, while Lucid has punged 38.8% year to date.
Image Source: Zacks Investment Research
From a valuation perspective, NIO appears slightly overvalued compared to the industry. Going by its price/sales ratio, the company is trading at a forward sales multiple of 0.77, higher than the industry’s 0.49. Tesla is trading at a forward sales multiple of 13.62, while Lucid is trading at 2.18.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NIO’s 2025 and 2026 loss per share has widened by 3 cents and 2 cents, respectively, in the past 30 days.
Image Source: Zacks Investment Research
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

NIO Hits 90 Million Battery Swaps: What Powers This Momentum?

The NASDAQ 100 Pre-Market Indicator is up 334.92 to 25,693.08. The total Pre-Market volume is currently 366,670,547 shares traded.
The following are the most active stocks for the pre-market session:
Beyond Meat, Inc. (BYND) is -0.095 at $2.09, with 28,119,095 shares traded. BYND's current last sale is 104.5% of the target price of $2.
Direxion Daily TSLA Bull 2X Shares (TSLL) is +0.5 at $20.09, with 9,921,518 shares traded. This represents a 219.4% increase from its 52 Week Low.
ProShares UltraPro Short QQQ (SQQQ) is -0.52 at $13.44, with 7,364,217 shares traded., following a 52-week high recorded in prior regular session.
Avidity Biosciences, Inc. (RNA) is +21.29 at $70.44, with 5,655,337 shares traded. As reported in the last short interest update the days to cover for RNA is 13.498506; this calculation is based on the average trading volume of the stock.
Bitfarms Ltd. (BITF) is +0.23 at $4.84, with 5,242,901 shares traded. As reported by Zacks, the current mean recommendation for BITF is in the "buy range".
NVIDIA Corporation (NVDA) is +4.14 at $190.40, with 4,492,288 shares traded. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range".
NIO Inc. (NIO) is +0.19 at $7.09, with 2,392,655 shares traded. NIO's current last sale is 103.5% of the target price of $6.85.
Grupo Supervielle S.A. (SUPV) is +2.4 at $9.13, with 2,061,605 shares traded. SUPV's current last sale is 110% of the target price of $8.3.
IonQ, Inc. (IONQ) is +2.8002 at $63.10, with 1,252,917 shares traded., following a 52-week high recorded in prior regular session.
GameStop Corporation (GME) is +1.2 at $24.50, with 1,250,543 shares traded.
D-Wave Quantum Inc. (QBTS) is +1.35 at $34.00, with 1,244,853 shares traded., following a 52-week high recorded in prior regular session.
QuantumScape Corporation (QS) is +0.0804 at $16.90, with 1,182,954 shares traded. QS's current last sale is 241.43% of the target price of $7.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Oct 27, 2025 : BYND, TSLL, SQQQ, RNA, BITF, NVDA, NIO, SUPV, IONQ, GME, QBTS, QS

The NASDAQ 100 Pre-Market Indicator is down -79.65 to 24,799.35. The total Pre-Market volume is currently 261,025,701 shares traded.
The following are the most active stocks for the pre-market session:
Beyond Meat, Inc. (BYND) is -0.7398 at $2.84, with 68,852,395 shares traded. BYND's current last sale is 142.01% of the target price of $2.
Ventyx Biosciences, Inc. (VTYX) is +3.9601 at $7.82, with 41,924,483 shares traded. As reported by Zacks, the current mean recommendation for VTYX is in the "buy range".
Defiance Daily Target 2x Short IONQ ETF (IONZ) is -0.5988 at $4.06, with 25,604,948 shares traded., following a 52-week high recorded in prior regular session.
Direxion Daily TSLA Bull 2X Shares (TSLL) is -1.5095 at $18.59, with 19,015,376 shares traded. This represents a 195.56% increase from its 52 Week Low.
D-Wave Quantum Inc. (QBTS) is +3.2996 at $30.59, with 8,918,168 shares traded., following a 52-week high recorded in prior regular session.
Defiance Daily Target 2x Short RGTI ETF (RGTZ) is -2.96 at $15.73, with 8,535,754 shares traded. This represents a 93.24% increase from its 52 Week Low.
IonQ, Inc. (IONQ) is +4.2344 at $59.68, with 8,059,006 shares traded., following a 52-week high recorded in prior regular session.
Tango Therapeutics, Inc. (TNGX) is +1.64 at $10.30, with 6,086,024 shares traded. As reported in the last short interest update the days to cover for TNGX is 10.092794; this calculation is based on the average trading volume of the stock.
Nokia Corporation (NOK) is +0.3 at $5.85, with 4,748,032 shares traded. Smarter Analyst Reports: Nokia Bags Deal to Deploy 4G & 5G Network in Indonesia
QuantumScape Corporation (QS) is +1.11 at $14.69, with 2,130,862 shares traded. QS's current last sale is 209.86% of the target price of $7.
NIO Inc. (NIO) is +0.03 at $6.87, with 1,492,020 shares traded. NIO's current last sale is 100.29% of the target price of $6.85.
BigBear.ai, Inc. (BBAI) is +0.12 at $6.73, with 1,450,157 shares traded. BBAI's current last sale is 112.17% of the target price of $6.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Oct 23, 2025 : BYND, VTYX, IONZ, TSLL, QBTS, RGTZ, IONQ, TNGX, NOK, QS, NIO, BBAI

The NASDAQ 100 Pre-Market Indicator is up 11.37 to 25,152.39. The total Pre-Market volume is currently 257,461,702 shares traded.
The following are the most active stocks for the pre-market session:
Beyond Meat, Inc. (BYND) is +0.7203 at $2.19, with 135,675,012 shares traded. BYND's current last sale is 97.35% of the target price of $2.25.
GSI Technology, Inc. (GSIT) is +3.73 at $16.70, with 14,922,285 shares traded.
Spero Therapeutics, Inc. (SPRO) is +0.1 at $2.39, with 8,798,071 shares traded. SPRO's current last sale is 47.8% of the target price of $5.
Direxion Daily TSLA Bull 2X Shares (TSLL) is -0.1 at $20.81, with 7,784,628 shares traded. This represents a 230.84% increase from its 52 Week Low.
Defiance Daily Target 2x Short IONQ ETF (IONZ) is -0.1588 at $3.89, with 5,479,977 shares traded., following a 52-week high recorded in prior regular session.
ProShares UltraPro Short QQQ (SQQQ) is unchanged at $14.33, with 5,072,975 shares traded., following a 52-week high recorded in prior regular session.
NIO Inc. (NIO) is -0.0801 at $6.98, with 1,919,542 shares traded. NIO's current last sale is 101.9% of the target price of $6.85.
Ford Motor Company (F) is +0.32 at $12.31, with 1,751,056 shares traded.F is scheduled to provide an earnings report on 10/23/2025, for the fiscal quarter ending Sep2025. The consensus earnings per share forecast is 0.38 per share, which represents a 49 percent increase over the EPS one Year Ago
NuScale Power Corporation (SMR) is -2.31 at $41.90, with 1,587,930 shares traded. SMR's current last sale is 103.46% of the target price of $40.5.
IonQ, Inc. (IONQ) is +1.2683 at $61.21, with 1,460,188 shares traded., following a 52-week high recorded in prior regular session.
General Motors Company (GM) is +6.5395 at $64.54, with 1,148,450 shares traded. Smarter Analyst Reports: Monday’s Pre-Market: Here’s What You Need to Know Before the Market Opens
Lithium Americas Corp. (LAC) is +0.155 at $7.14, with 1,082,528 shares traded. LAC's current last sale is 126.28% of the target price of $5.65.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Oct 21, 2025 : BYND, GSIT, SPRO, TSLL, IONZ, SQQQ, NIO, F, SMR, IONQ, GM, LAC

The NASDAQ 100 Pre-Market Indicator is up 125.6 to 24,943.55. The total Pre-Market volume is currently 372,164,591 shares traded.
The following are the most active stocks for the pre-market session:
Replimune Group, Inc. (REPL) is +4.09 at $8.59, with 42,253,588 shares traded. REPL's current last sale is 245.43% of the target price of $3.5.
Rani Therapeutics Holdings, Inc. (RANI) is +0.39 at $2.03, with 33,558,212 shares traded. As reported by Zacks, the current mean recommendation for RANI is in the "strong buy range".
Direxion Daily TSLA Bull 2X Shares (TSLL) is +0.4 at $20.57, with 10,066,687 shares traded. This represents a 227.03% increase from its 52 Week Low.
ProShares UltraPro Short QQQ (SQQQ) is -0.17 at $14.72, with 5,854,775 shares traded., following a 52-week high recorded in prior regular session.
Bitfarms Ltd. (BITF) is +0.36 at $5.37, with 5,423,459 shares traded. As reported by Zacks, the current mean recommendation for BITF is in the "buy range".
New Era Energy & Digital, Inc. (NUAI) is +0.65 at $5.20, with 5,058,145 shares traded.
Archer Aviation Inc. (ACHR) is +0.4 at $11.64, with 2,141,867 shares traded. As reported by Zacks, the current mean recommendation for ACHR is in the "buy range".
NIO Inc. (NIO) is +0.02 at $6.77, with 1,605,273 shares traded. NIO's current last sale is 98.83% of the target price of $6.85.
BigBear.ai, Inc. (BBAI) is +0.21 at $7.63, with 1,314,189 shares traded. BBAI's current last sale is 127.17% of the target price of $6.
IonQ, Inc. (IONQ) is +2.54 at $65.48, with 1,311,808 shares traded., following a 52-week high recorded in prior regular session.
Lithium Americas Corp. (LAC) is +0.34 at $7.13, with 1,281,277 shares traded. LAC's current last sale is 126.19% of the target price of $5.65.
Cleveland-Cliffs Inc. (CLF) is +1.3188 at $14.64, with 1,130,559 shares traded. Smarter Analyst Reports: Cleveland-Cliffs Posts Strong Q3 Results; Shares Pop 4%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Oct 20, 2025 : REPL, RANI, TSLL, SQQQ, BITF, NUAI, ACHR, NIO, BBAI, IONQ, LAC, CLF

Investors in NIO Inc (Symbol: NIO) saw new options become available today, for the December 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the NIO options chain for the new December 19th contracts and identified one put and one call contract of particular interest.
The put contract at the $6.00 strike price has a current bid of 53 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.00, but will also collect the premium, putting the cost basis of the shares at $5.47 (before broker commissions). To an investor already interested in purchasing shares of NIO, that could represent an attractive alternative to paying $6.85/share today.
Because the $6.00 strike represents an approximate 12% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 70%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 8.83% return on the cash commitment, or 50.34% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for NIO Inc, and highlighting in green where the $6.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $10.00 strike price has a current bid of 30 cents. If an investor was to purchase shares of NIO stock at the current price level of $6.85/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $10.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 50.36% if the stock gets called away at the December 19th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NIO shares really soar, which is why looking at the trailing twelve month trading history for NIO Inc, as well as studying the business fundamentals becomes important. Below is a chart showing NIO's trailing twelve month trading history, with the $10.00 strike highlighted in red:
Considering the fact that the $10.00 strike represents an approximate 46% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 76%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.38% boost of extra return to the investor, or 24.96% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 84%, while the implied volatility in the call contract example is 100%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $6.85) to be 67%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

December 19th Options Now Available For NIO

The NASDAQ 100 Pre-Market Indicator is up 159.33 to 24,904.69. The total Pre-Market volume is currently 153,377,168 shares traded.
The following are the most active stocks for the pre-market session:
NIO Inc. (NIO) is -0.52 at $6.30, with 15,536,451 shares traded. NIO's current last sale is 91.97% of the target price of $6.85.
Direxion Daily TSLA Bull 2X Shares (TSLL) is +0.07 at $19.91, with 6,533,059 shares traded. This represents a 216.53% increase from its 52 Week Low.
Bitfarms Ltd. (BITF) is -0.27 at $6.20, with 5,393,069 shares traded. As reported by Zacks, the current mean recommendation for BITF is in the "buy range".
ProShares UltraPro Short QQQ (SQQQ) is -0.2197 at $14.79, with 4,534,385 shares traded., following a 52-week high recorded in prior regular session.
Critical Metals Corp. (CRML) is +3.66 at $26.38, with 4,080,079 shares traded., following a 52-week high recorded in prior regular session.
Defiance Daily Target 2x Short IONQ ETF (IONZ) is -0.089 at $2.79, with 4,046,001 shares traded., following a 52-week high recorded in prior regular session.
NVIDIA Corporation (NVDA) is +2.29 at $182.12, with 3,885,136 shares traded. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range".
Lithium Americas Corp. (LAC) is -0.36 at $9.08, with 3,516,800 shares traded. LAC's current last sale is 144.13% of the target price of $6.3.
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is +6.72 at $311.43, with 1,931,621 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2025. The consensus EPS forecast is $2.57. , following a 52-week high recorded in prior regular session.
Archer Aviation Inc. (ACHR) is +0.42 at $13.45, with 1,646,372 shares traded. As reported by Zacks, the current mean recommendation for ACHR is in the "buy range".
BigBear.ai, Inc. (BBAI) is +0.04 at $8.56, with 1,362,358 shares traded. BBAI's current last sale is 142.67% of the target price of $6.
NuScale Power Corporation (SMR) is +1.77 at $55.20, with 1,169,674 shares traded. SMR's current last sale is 136.3% of the target price of $40.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Oct 16, 2025 : NIO, TSLL, BITF, SQQQ, CRML, IONZ, NVDA, LAC, TSM, ACHR, BBAI, SMR

The NASDAQ 100 Pre-Market Indicator is down -311.89 to 24,438.36. The total Pre-Market volume is currently 247,473,392 shares traded.
The following are the most active stocks for the pre-market session:
Direxion Daily TSLA Bull 2X Shares (TSLL) is -0.8 at $19.09, with 18,352,699 shares traded. This represents a 203.5% increase from its 52 Week Low.
Bitfarms Ltd. (BITF) is +0.39 at $5.78, with 15,858,079 shares traded. As reported by Zacks, the current mean recommendation for BITF is in the "buy range".
ProShares UltraPro Short QQQ (SQQQ) is +0.47 at $15.49, with 15,519,484 shares traded., following a 52-week high recorded in prior regular session.
Defiance Daily Target 2x Short IONQ ETF (IONZ) is +0.12 at $2.42, with 10,433,048 shares traded., following a 52-week high recorded in prior regular session.
Navitas Semiconductor Corporation (NVTS) is +3.0316 at $13.00, with 9,324,538 shares traded. NVTS's current last sale is 208.03% of the target price of $6.25.
Critical Metals Corp. (CRML) is +8.22 at $31.50, with 8,866,050 shares traded., following a 52-week high recorded in prior regular session.
BigBear.ai, Inc. (BBAI) is +0.37 at $9.18, with 5,515,179 shares traded. BBAI's current last sale is 153% of the target price of $6.
Lithium Americas Corp. (LAC) is -0.16 at $8.27, with 4,237,357 shares traded. LAC's current last sale is 131.27% of the target price of $6.3.
ESS Tech, Inc. (GWH) is +2.1341 at $11.18, with 3,853,224 shares traded. GWH's current last sale is 406.69% of the target price of $2.75.
NIO Inc. (NIO) is -0.3098 at $6.87, with 3,249,750 shares traded. NIO's current last sale is 100.29% of the target price of $6.85.
MP Materials Corp. (MP) is +8.23 at $103.29, with 3,213,732 shares traded. As reported by Zacks, the current mean recommendation for MP is in the "buy range".
Snap Inc. (SNAP) is -0.15 at $7.90, with 2,192,664 shares traded. SNAP's current last sale is 87.78% of the target price of $9.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Oct 14, 2025 : TSLL, BITF, SQQQ, IONZ, NVTS, CRML, BBAI, LAC, GWH, NIO, MP, SNAP

The NASDAQ 100 Pre-Market Indicator is up 402.7 to 24,624.45. The total Pre-Market volume is currently 266,977,994 shares traded.
The following are the most active stocks for the pre-market session:
ESS Tech, Inc. (GWH) is +1.95 at $6.11, with 34,537,404 shares traded. GWH's current last sale is 334.79% of the target price of $1.825.
Solidion Technology, Inc. (STI) is +4.19 at $9.68, with 24,960,385 shares traded.
ProShares UltraPro Short QQQ (SQQQ) is -0.81 at $15.22, with 16,245,660 shares traded., following a 52-week high recorded in prior regular session.
Direxion Daily TSLA Bull 2X Shares (TSLL) is +0.89 at $18.85, with 15,096,328 shares traded. This represents a 199.68% increase from its 52 Week Low.
Namib Minerals (NAMM) is +0.56 at $3.72, with 7,718,263 shares traded. NAMM's current last sale is 39.16% of the target price of $9.5.
Bitfarms Ltd. (BITF) is +0.48 at $4.68, with 7,603,102 shares traded. As reported by Zacks, the current mean recommendation for BITF is in the "buy range".
NVIDIA Corporation (NVDA) is +5.51 at $188.67, with 7,329,786 shares traded. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range".
SLB Limited (SLB) is +0.35 at $32.07, with 5,625,956 shares traded.SLB is scheduled to provide an earnings report on 10/17/2025, for the fiscal quarter ending Sep2025. The consensus earnings per share forecast is 0.67 per share, which represents a 89 percent increase over the EPS one Year Ago
BigBear.ai, Inc. (BBAI) is +0.5 at $7.72, with 3,480,100 shares traded. BBAI's current last sale is 128.67% of the target price of $6.
Lithium Americas Corp. (LAC) is +0.2197 at $7.71, with 3,266,790 shares traded. LAC's current last sale is 122.38% of the target price of $6.3.
NIO Inc. (NIO) is +0.3 at $7.01, with 3,068,784 shares traded. NIO's current last sale is 102.34% of the target price of $6.85.
Bloom Energy Corporation (BE) is +23.45 at $110.32, with 2,454,302 shares traded. BE's current last sale is 147.09% of the target price of $75.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Oct 13, 2025 : GWH, STI, SQQQ, TSLL, NAMM, BITF, NVDA, SLB, BBAI, LAC, NIO, BE

Once the undisputed electric vehicle (EV) leader in the world’s largest EV market, Tesla TSLA is now under pressure from homegrown rivals. As competition intensifies and price wars deepen, Tesla is hoping that its new variant— the Model Y+ — can ignite buyer interest and help it regain lost ground.
Tesla’s China Sales Struggle Amid Fierce Competition
Per CnEVPost, Tesla China sold 515,552 vehicles (including exports) from January to August, reflecting a 12.2% decline year over year. Still, there were signs of a rebound in August. During the month, Tesla’s local sales rose 41% month over month to 57,152 units, per the China Passenger Car Association, as cited by Teslarati. Its Giga Shanghai plant produced over 83,000 vehicles, making it the company’s strongest wholesale month so far this year.
Much of Tesla’s growth in China this year has come from one vehicle — the Model Y. The compact SUV has been a hit with Chinese consumers, accounting for roughly 70% of Tesla’s local sales, and even ranking as the second-best-selling vehicle in China overall. Tesla China's August deliveries are also likely to have gotten a boost from the launch of the Model Y L, a long-wheelbase six-seater variant, to attract family-oriented buyers.
Nonetheless, even with the new variants and periodic discounts, Tesla’s deliveries in China remain under pressure amid competition and pricing war.
Model Y+: A Bid to Regain Traction
Tesla has now filed for approval of a new Model Y+ variant in China, according to a recent listing in the Ministry of Industry and Information Technology’s (MIIT) catalog. The new model is meant to help Tesla compete better in a market where buyers now care most about range and efficiency.
The Model Y+ will feature a 225 kW (302 hp) single-motor setup and use ternary batteries from LG Energy Solution, similar to the Model 3+ introduced earlier this year. Early filings suggest it could deliver around 800 kilometers (nearly 500 miles) of CLTC range, making it the longest-range Model Y in Tesla’s China lineup.
The Model Y+ is Tesla’s next big bet to stay relevant in China’s competitive EV landscape. This longer-range variant could inject fresh energy into Tesla’s offerings—but whether it’s enough to close the gap with local champions remains the big question.
Tesla’s China Rivals Log Strong Sales Gains
BYD Co Ltd BYDDY has taken the lead in terms of volume, while XPeng Inc. XPEV and NIO Inc. NIO are also drawing buyers rapidly.
In the third quarter of 2025, BYD delivered 582,500 pure EVs, up 31% year over year, maintaining its lead over Tesla for the fourth straight quarter. Tesla’s own global deliveries hit 497,099 units in the third quarter, up 7.4% year over year, but still behind BYD’s total.
NIO delivered 87,071 vehicles in the third quarter of 2025, marking a new quarterly record and increasing 40.8% year over year. The deliveries were within NIO’s projected range of 87,000-91,000 units.
In the third quarter of 2025, XPeng delivered 116,007 Smart EVs, which rose 149% year over year. For the first nine months of 2025, XPeng’s cumulative deliveries totaled 313,196 units, reflecting a 218% increase from the same period in 2024.
The Zacks Rundown for Tesla
Shares of Tesla have increased 72% over the past six months compared with the industry’s growth of 70%.
Image Source: Zacks Investment Research
From a valuation standpoint, TSLA trades at a forward price-to-sales ratio of 13.81, way above the industry. It carries a Value Score of F.
Image Source: Zacks Investment Research
See how the Zacks Consensus Estimate for TSLA’s earnings has been revised over the past 90 days.
Image Source: Zacks Investment Research
Tesla stock currently carries a Zacks Rank #3 (Hold).
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NIO Inc. (NIO) : Free Stock Analysis Report
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