NIO Inc. (NIO) Balances Recall With Strong Sales and Expansion

NIO Inc. (NYSE:NIO) is one of Goldman Sachs’ top penny stock picks. On February 9, NIO Inc. (NYSE:NIO) announced its largest recall yet, affecting 246229 ES8, ES6, and EC6 vehicles produced from 2018 to 2023 due to a software issue that can temporarily disable dashboard and control screens. The recall represents about three-quarters of its 2025 sales and exceeds Xiaomi’s September recall of 115000 SU7 sedans. Nio will address the problem through remote updates or service visits, while Zeekr is also recalling 38277 vehicles over battery safety concerns.

On February 4, NIO Inc. announced that it delivered 27,182 vehicles in January, representing a 96.1% year-over-year increase. The deliveries included 20,894 vehicles under the premium NIO brand, 3,481 units from its family-focused ONVO brand, and 2,807 vehicles from its electric vehicle brand.

The impressive delivery numbers also came on the heels of the company launching its latest version of the NIO WorldModel, an autoregressive model designed to enable smart driving. It has already rolled it out to more than 460,000 vehicles.

In January, the company reached 1 million cumulative deliveries as it continues to invest in core Smarty EV technologies. It’s also expanding its battery swapping and charging infrastructure as it seeks to deliver enhanced smart EV experiences.

The impressive delivery numbers also come as the company continues to push forward with its global expansion. It has already expanded its footprint into Europe, Central Asia, and the Asia Pacific region as it seeks to reach more customers with its smart and sustainable vehicles beyond China.

NIO Inc. (NYSE:NIO) is a Chinese manufacturer of premium smart electric vehicles (EVs) and a pioneer in battery-swapping technology, founded in 2014. It designs, develops, and sells intelligent, high-performance EVs, including SUVs and sedans, while offering innovative services like “Battery as a Service” (BaaS), autonomous driving.