Today, Feb. 23, 2026, investors weigh Nio’s record Lunar New Year battery swaps against fresh institutional selling and looming resistance.
Today’s Change
(4.34%) $0.22
Current Price
$5.29
Key Data Points
Market Cap
$11B
Day’s Range
$5.19 – $5.40
52wk Range
$3.02 – $8.02
Volume
52M
Avg Vol
45M
Gross Margin
11.25%
Nio (NIO +4.34%), designs and sells electric vehicles, including sedans and SUVs. The stock closed Monday at $5.29, up 4.34%, after the company reported a record 1 million battery swaps in less than a week during the Lunar New Year, and investors are watching for signs of sustained demand and service revenue growth.
Trading volume reached 52 million shares, coming in nearly 15% above compared with its three-month average of 45.2 million shares. Nio IPO’d in 2018 and has fallen 20% since going public.
How the markets moved today
The S&P 500 (^GSPC 1.04%) fell 1.01% to 6,840, while the Nasdaq Composite (^IXIC 1.13%) declined 1.13% to 22,627 as growth shares lagged during Monday’s session. Among automotive industry peers, Tesla (TSLA 3.02%) closed at $399.83, down 2.91%, and Rivian Automotive (RIVN 2.03%) finished at $14.96, down 2.03%, reflecting continued pressure on high-growth EV names.
What this means for investors
Nio said it completed 1 million battery swaps in less than a week over the Chinese Lunar New Year, reinforcing its network scale and boosting investor confidence surrounding its subscription service revenue model.
Nio’s U.S.-listed shares extended gains as investors focused on the record holiday battery-swap as well as confidence that record fourth-quarter deliveries could continue to move higher. Nio also recently told investors it expects to achieve its first-ever adjusted operational profit in the fourth quarter.
Howard Smith has positions in Nio, Rivian Automotive, and Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
