NIO’s February Deliveries Jump 57.6% While Raising RMB2.257B for Chip Unit
NIO reported February deliveries of 20,797 vehicles, up 57.6% year-over-year, driving cumulative deliveries past 1.045 million. The company secured RMB 2.257 billion financing for its intelligent-driving chip unit, retaining a 62.7% stake while investors acquire 27.3%.
1. February Delivery Performance
NIO delivered 20,797 vehicles in February, marking a 57.6% year-over-year increase. The total included 15,159 NIO brand units, 2,981 ONVO vehicles, and 2,657 FIREFLY models, bringing cumulative deliveries to 1,045,571 as of February 28, 2026.
2. RMB2.257B Chip Unit Financing
NIO and its Shenji subsidiary agreed to raise RMB 2.257 billion in cash from Chinese investors for newly issued shares in the intelligent-driving chip business. Post-transaction, the NIO subsidiary will hold 62.7%, investors 27.3%, and Shenji’s share incentive plan participants 10%, with NIO continuing to consolidate results.
3. JPMorgan Lowers Price Target
JPMorgan reduced its price target on NIO from $8 to $7 while maintaining an Overweight rating. The firm cited anticipated negative passenger vehicle growth in China for 2026 and projected weaker margins leading to an annual loss forecast.
4. Business Profile
NIO designs, develops, manufactures and sells smart electric vehicles across China, Europe and other international markets. The company’s expanding delivery volumes and strategic chip investment aim to support technological leadership and global growth.