Jackson

[ChinaEV Home @CNEVhome]

NIO opened its 9K-th charging & swapping station today. The network now stands at 9,003 sites, including 3,927 swap stations and 5,076 charging stations.

NIO plans to add 1K+ more swap stations this year, aiming to cross 4.6K by year-end. $NIO #ChinaEV

[The Kobeissi Letter @KobeissiLetter]

Talk about a turn of events.

There is now a 25% chance that the Fed raises interest rates next month, at the July 29th meeting.

At the start of 2026, markets had been pricing-in 2 interest rate CUTS by the July meeting.

"Higher for longer" is officially back.

[Elon Musk @elonmusk]

Your kids will love this video!

Grok Imagine prompt:
The kittens with mittens start dancing and singing “we’re kittens with mittens” with joyful, energetic movements and playful expressions.

[🌈🌈🌈🔥🔥🔥Goldman @Goldman589]

🔥🔥🔥👉#NIO ES8 has been on the market for nine months, delivered 120,000 vehicles, generated RMB 50 billion in revenue, and achieved RMB 12 billion in gross profit; it has ranked first in large SUV sales for six consecutive months! Now the ES9 is here—let's look forward to new records being set together!

[jan dekkers @jan_dekkers]

𝗡𝗜𝗢 𝟮𝟬𝟮𝟲: 𝗪𝗵𝘆 𝗔 $𝟮𝟱 𝗦𝗵𝗮𝗿𝗲 𝗣𝗿𝗶𝗰𝗲 𝗠𝗮𝘆 𝗕𝗲 𝗝𝘂𝘀𝘁 𝘁𝗵𝗲 𝗕𝗲𝗴𝗶𝗻𝗻𝗶𝗻𝗴

For years, critics argued that NIO would never become profitable. They pointed to heavy investments, aggressive expansion, and a fiercely competitive EV market as reasons the company would struggle to generate meaningful earnings.

Yet 2026 is shaping up to be the year that narrative changes.

Based on realistic delivery, pricing, and margin assumptions, NIO could be approaching an earnings inflection point that few investors fully appreciate today.

𝗧𝗵𝗲 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗠𝗶𝘅 𝗧𝗵𝗮𝘁 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗘𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴

The key is selling more of the right vehicles.

Under this scenario, NIO delivers approximately 460,000 vehicles in 2026, with a growing contribution from its highest-margin premium models.

Premium ES8 and ES9• 270,000 deliveries• Average selling price: approximately $62,000• Vehicle margin: 20%

Other NIO Models• 110,000 deliveries• Average selling price: approximately $48,000• Vehicle margin: 18%

ONVO and Firefly• 80,000 deliveries• Average selling price: approximately $21,000• Vehicle margin: 18%

While ES8 and ES9 account for roughly 59% of total deliveries, they generate a significantly larger percentage of total gross profit. This is where operating leverage begins to accelerate.

𝗧𝗵𝗲 𝗡𝘂𝗺𝗯𝗲𝗿𝘀 𝗕𝗲𝗵𝗶𝗻𝗱 𝘁𝗵𝗲 𝗣𝗿𝗼𝗳𝗶𝘁 𝗦𝘁𝗼𝗿𝘆

Using the assumptions above:

Vehicle Gross Profit

• ES8 and ES9: approximately $3.35 billion• Other NIO models: approximately $0.95 billion• ONVO and Firefly: approximately $0.30 billion

Total Vehicle Gross Profit: approximately $4.60 billion

NIO's ecosystem contributes additional high-margin revenue streams through:

• Battery-as-a-Service subscriptions• Software services• NIO Pilot and autonomous-driving features• Charging and energy services

Assumed contribution: $1.15 billion

Total Gross Profit: approximately $5.75 billion

𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗙𝗶𝗻𝗮𝗹𝗹𝘆 𝗔𝗿𝗿𝗶𝘃𝗲𝘀

NIO has spent years building factories, battery-swap infrastructure, software platforms, and a multi-brand ecosystem.

As deliveries scale, those fixed costs become increasingly efficient.

Assuming operating expenses average approximately $250 million per month, annual operating expenses would total:

Annual Operating Expenses: approximately $3.0 billion

That produces:

Operating Income: approximately $2.75 billion

After applying a 15% effective tax rate:

Estimated Net Income: approximately $2.34 billion

For a company still growing rapidly, that would represent one of the most significant earnings turnarounds in the global EV industry.

𝗘𝗣𝗦 𝗔𝗻𝗱 𝗪𝗵𝗮𝘁 𝗜𝘁 𝗖𝗼𝘂𝗹𝗱 𝗠𝗲𝗮𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗦𝘁𝗼𝗰𝗸

Assuming approximately 1.9 billion ADS-equivalent shares outstanding:

Estimated EPS = $2.34 billion ÷ 1.9 billion shares

Estimated EPS: $1.23

Applying different valuation multiples:

15x P/E Multiple• Implied Share Price: $18.45

20x P/E Multiple• Implied Share Price: $24.60

25x P/E Multiple• Implied Share Price: $30.75

Under a reasonable 20x earnings multiple, NIO approaches $25 per share, representing substantial upside from current levels.

𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼 𝗜𝘀𝗻'𝘁 𝗙𝗮𝗻𝘁𝗮𝘀𝘆

Several assumptions are intentionally conservative:

• ES8 and ES9 launch margins have previously exceeded 20%, making the margin assumption achievable.• Operating expenses continue trending lower as scale improves.• Battery-swap infrastructure is already largely built, allowing future growth to flow through more efficiently.• ONVO and Firefly expand volume without materially diluting NIO's premium brand positioning.

This scenario does not require perfect execution.

It requires continued execution along trends that are already visible.

Investors should conduct their own research and consider risks before making investment decisions.

[🌈🌈🌈🔥🔥🔥Goldman @Goldman589]

"Industry Insight: A Visual Guide to the Core Supply Chain of NIO ES9"

The core takeaway is that the supply chain of the NIO ES9 is characterized by a tripartite structure of "full-stack self-development + capital alignment + regional clustering."

On one hand, the Shenji NX9031 chip, 900V platform, and electric drive system enhance the vehicle’s self-developed capabilities.

On the other hand, a high-density ecosystem of domestically produced core components has been formed by companies such as Innovusion, Sailendo, Likr Technology, and Fute Technology.

More critically, NIO Capital has made deep strategic investments in key companies like Hivi, Enwhi Technology, and Anwen Technology, upgrading the supply chain from a "cooperative supply" model to one of "capital collaboration."

In terms of industrial distribution, Hefei and the broader Anhui region serve as the core manufacturing and industrial hubs, complemented by a cross-regional collaborative network that includes the Yangtze River Delta (Shanghai, Jiangsu) and the electronics industry belt of the Pearl River Delta.

This three-tiered structure of "capital + technology + manufacturing" makes the ES9 not just a vehicle model, but a manifestation of NIO’s industrial organizational capabilities.

Regarding the widely rumored upcoming listing of Changxin Storage, there is currently no official confirmation on whether its memory products are being used in the ES9.

What can be confirmed, however, is that Changxin Storage is indeed being used in the new NIO Onvo L60.

[🌈🌈🌈🔥🔥🔥Goldman @Goldman589]

🔥🔥🔥#NIO's new flagship ES9 began deliveries on May 28, with 3,108 units delivered in just three days! The average price exceeds 500,000 RMB! A new milestone!

[The Kobeissi Letter @KobeissiLetter]

Friday was a historic trading session:

Combined trading volume in the 3x leveraged long and short S&P 500 ETFs, $SPXL and $SPXS, and the 3x leveraged long and short semiconductor ETFs, $SOXL and $SOXS, surged to a record $1.1 billion on Friday.

Trading volume in these ETFs has more than QUADRUPLED over the last several sessions.

This also exceeded the previous record set in 2025 by $250 million.

Furthermore, total US-listed option volumes surged to 107 million contracts on Friday, the 2nd-largest on record.

Of this total, 57.2 million were call options, the 3rd-highest daily volume on record, while 49.8 million were put options, the 2nd-highest on record.

Appetite for risk is extremely strong.

[CnEVPost @CnEVPost]

Nio exec hints average transaction price of main brand vehicles rising rapidly

A Nio executive said the average transaction price of the Nio main brand surpassed 450,000 yuan ($66,330) last week, overtaking traditional luxury auto brands. https://t.co/89j9CfHDar 👇

[Evan @StockMKTNewz]

Google and Nvidia are reportedly considering Intel $INTC as a backup chip maker

Taiwan Semiconductor is struggling to meet overwhelming demand for its advanced chip manufacturing capacity

Per The Information, several major AI chip design companies including Google and Nvidia are quietly turning to Intel as a backup manufacturer for their most advanced processors

[Elon Musk @elonmusk]

Falcon is a beautiful rocket

[The Kobeissi Letter @KobeissiLetter]

BREAKING: South Korea’s stock market has been halted after falling -8.4% at the open.

[🌈🌈🌈🔥🔥🔥Goldman @Goldman589]

Don’t be too pessimistic! NIO has now posted profits for two consecutive quarters, fundamentally reversing its long-running cash-burning phase. The ES9 has achieved unprecedented success in the premium segment (vehicles priced above RMB 500,000), with 10,000 units set to be delivered shortly. This is not only a major milestone for NIO but also a landmark achievement for the entire new-energy vehicle industry.
At the same time, the ES8 has led sales in the RMB 400,000+ SUV category for six straight months and is on track to complete its 120,000-unit delivery milestone very soon. All of this points to monthly deliveries beating expectations—and potentially surpassing the company’s own Q2 guidance.
Shorting the stock at this stage will simply provide extra fuel and momentum for the coming upward trend. Just sit back and watch the rally take off! 😎

[Evan @StockMKTNewz]

NVIDIA $NVDA AND SK HYNIX JUST ANNOUNCED A MULTIYEAR TECHNOLOGY PARTNERSHIP

SK Hynix will codevelop memory for four specific NVIDIA platforms: Vera Rubin AI supercomputers, Vera CPUs, RTX Spark-powered PCs, and Jetson Thor robotic computing platforms.

SK Hynix will apply AI to semiconductor chip design and manufacturing itself, using NVIDIA's CUDA-X libraries and PhysicsNeMo framework to accelerate chip simulations and engineering workflows.

SK Hynix will build factory digital twins using NVIDIA Omniverse, targeting fully autonomous fab operations.

"AI factories are the engines of the next industrial revolution, and advanced memory is essential to their performance." - Jensen Huang

[🌈🌈🌈🔥🔥🔥Goldman @Goldman589]

🔥🔥🔥👉NIO’s Future Outlook: Integrating AI, Software, Storage, Power, and Energy – The Foundational Logic of Smart EVs and Digital Energy Networks
NIO stands out as the most aggressive and representative player in the smart electric vehicle (Smart EV) sector by tightly integrating five core elements—AI, software, storage, power, and energy. These form the bedrock of both next-generation intelligent vehicles and digital energy networks. Analyzing NIO through these five dimensions reveals its current strategic priorities, recent momentum, and the underlying commercial logic driving the company.
I. How the Five Core Elements Intersect and Materialize at NIO
1. Power & Energy: NIO’s Fundamental Moat
NIO is far more than an automaker—it operates a distributed energy network at scale.
Its battery-swap stations function as virtual power plants (VPPs). Beyond serving as charging infrastructure, these stations act as grid balancers: they charge aggressively during off-peak nighttime hours (energy storage) and can pause charging or even discharge power back to the grid during daytime peak demand (peak shaving).
Recent developments: NIO is now deeply embedded in grid peak-regulation programs and green-electricity trading across multiple Chinese provinces. As the Battery Swap Alliance expands (in partnership with Changan, Geely, GAC, and others), NIO’s influence is evolving from a closed proprietary ecosystem into critical public energy infrastructure.
2. Storage: Battery Asset Management and Battery-as-a-Service (BaaS)
Within NIO’s system, storage operates on two levels—physical and asset-based.
Through the vehicle-battery separation model, NIO isolates the high-cost battery asset for centralized management under BaaS. Batteries receive constant-temperature conditioning and centralized oversight inside swap stations, materially extending cycle life and slowing degradation.
Retired batteries are then cascaded into stationary storage systems at swap stations or deployed in industrial-scale energy-storage projects, unlocking maximum residual value from every battery pack.
3. AI and Software: The Dual Engines of Intelligence
NIO’s self-developed SkyOS (Tian Shu) is China’s first fully integrated vehicle operating system at the底层 level, seamlessly connecting intelligent driving, cabin experience, and body-domain control.
Its in-car AI assistant NOMI now deeply incorporates large language models, moving far beyond basic voice commands to deliver contextual understanding and proactive, personalized service. Concurrently, the deployment of end-to-end AI large models for intelligent driving has markedly improved decision-making, game-theoretic behavior, and human-like performance in complex traffic scenarios.
II. Latest Fundamentals and Market Position (June 2026)
At the stock level, NIO is experiencing explosive volume growth while navigating a pivotal inflection in costs and overseas strategy.
1. Robust May 2026 Delivery Performance
NIO’s latest figures demonstrate early success from its multi-brand strategy:
•May total deliveries: 37,705 units (+62.3% YoY, +28.4% MoM)
•Brand breakdown:
◦NIO premium brand: 20,013 units (+50.8% YoY)
◦ONVO family brand: 12,029 units (doubled YoY, +124.8% MoM)
◦Firefly premium compact: 5,663 units
•Year-to-date: 150,526 units in the first five months of 2026 (+68.7% YoY).
On May 27, NIO also launched and began deliveries of its new flagship executive SUV, the ES9.
2. Cost Headwinds and Strategic “Emergency Brake” on Overseas Expansion
Despite record sales, CEO Li Bin highlighted several material concerns in a recent media briefing that investors must closely monitor:
•Per-vehicle cost increase: Rising prices of nickel, cobalt, lithium carbonate, and—critically—memory chips have pushed NIO’s cost per vehicle up by approximately RMB 10,000. Given intense competition in semiconductors and upstream commodities, automakers hold limited pricing power and….

[Elon Musk @elonmusk]

True

[🌈🌈🌈🔥🔥🔥Goldman @Goldman589]

🔥🔥🔥#NIO Power 🆙🐂

On May 31, NIO Power brought 9 stations online.

NO.3880 NIO Battery Swap Station | G25 Changshen Expressway Tonglu Service Area (Qiandaohu Direction)
NO.3881 NIO Battery Swap Station | Zhonghua Road, Hami
NO.3882 NIO Battery Swap Station | Qinyuanchun Jin, Korla
NO.3883 NIO Battery Swap Station | Dongchuan Wangdian, Mingxing Road (East), Chengdong District, Xining
NO.3884 NIO Battery Swap Station | Binjiang Energy, Santai County, Mianyang City
NO.3885 NIO Battery Swap Station | Zhangba North Road, Yanta District, Xi'an
NO.3886 NIO Battery Swap Station | Asian Weightlifting Training Center, Haining, Jiaxing
NO.3221 NIO Supercharging Station | Zhonghua Road, Hami
NO.3222 NIO Supercharging Station | Zhangba North Road, Yanta District, Xi'an

As of today, NIO has built 8,933 battery swap and charging stations nationwide, including 3,886 battery swap stations and 5,047 charging stations, equipped with 29,032 charging points. NIO has provided over 100 million battery swaps in total. Through continuous expansion, NIO is making power swapping more convenient than refueling. #NIO #NIO Power Swap Anywhere

[BRICS News @BRICSinfo]

JUST IN: 🇮🇷 Iran says nearly 30 ships successfully crossed the Strait of Hormuz today.

[ThinkerCar @thinkercar]

NIO, Li Auto, and XPeng Q1 2026 financial results are out.
• #NIO saw the fastest growth: deliveries of 83.5k (+98.3%), revenue of 25.53B yuan (+112.2%).
• #LiAuto still led in deliveries (95.1k, +2.5%), but revenue fell 11.4%.
• #XPeng delivered 62.7k (-33.3%), revenue of 13.03B yuan (-17.6%).