NIO's Trading Volume Surges 104.81% to Rank 149th as Stock Price Rises 5.69%

On July 11, 2025, NIO's trading volume reached 5.49 billion, marking a significant increase of 104.81% compared to the previous day. This surge placed NIO at the 149th position in terms of trading volume for the day. NIO's stock price rose by 5.69%, marking the second consecutive day of gains, with a total increase of 12.07% over the past two days.

NIO's recent stock performance can be attributed to several key factors. The company's new Onvo L90 SUV has garnered strong demand, driving elevated trading activity. The positive reception for the Onvo L90 has been a significant catalyst for the stock's upward momentum.

Additionally, Morgan Stanley reiterated its bullish stance on NIO, lifting the price target to RMB 5.90. This reaffirmation of the "Buy" rating has further bolstered investor confidence in the company's prospects. The unveiling of the Onvo L90, the second model under NIO's mass-market sub-brand, has been particularly well-received, contributing to the stock's surge.

Despite tripling its revenues between 2020 and 2023, NIO's sales growth slowed to 15% last year, and the company has yet to show significant improvements in profitability. However, the strong demand for its new models and positive market sentiment have helped to offset these concerns, driving the stock's recent gains.