NIO's 2.87% Rally on 323rd-Ranked $400M Volume Hinges on New L90 SUV's Delivery Recovery Potential

NIO (NYSE:NIO) rose 2.87% on August 1 with a trading volume of $400 million, a 36.27% drop from the previous day’s activity and ranking 323rd in market liquidity. The stock’s performance followed the automaker’s July 2025 delivery report, which showed 21,017 vehicles delivered, a 2.5% year-over-year increase but a 15.7% sequential decline from June’s 24,925 units. The core NIO brand accounted for 12,675 deliveries, down 38% annually, while sub-brands ONVO and FIREFLY contributed 5,976 and 2,366 units respectively.

Market attention is focused on the newly launched ONVO L90 SUV, priced at RMB 265,800 ($36,850), which began deliveries in 44 Chinese cities after its July 31 launch. NIO expanded test drive availability to 1,000 units to meet rising demand, with early signs of strong consumer interest evident in social media engagement and showroom traffic. The company anticipates the L90’s rollout could reverse July’s sequential decline in deliveries, though investors remain cautious about sustaining year-to-date growth amid intensifying competition in China’s EV sector.

Analysts’ price targets for NIO suggest a mixed outlook, with an average of $4.97 (up 1.97% from the current $4.87) based on 24 estimates. The multi-brand strategy’s success hinges on the L90’s ability to drive volume recovery in August and maintain momentum against rivals. Cumulative deliveries for the first seven months of 2025 reached 135,167 units, reflecting a 25% annual increase.

Historical backtesting of a strategy buying top 500 high-volume stocks and holding for one day generated 166.71% returns from 2022 to present, far outpacing the benchmark’s 29.18%. This highlights the significance of liquidity concentration in short-term stock performance, particularly for names like NIO with volatile trading patterns.