Nio Just Reported Record Deliveries. What Is the Bull Case for NIO Stock in 2026?

Core Insights - The electric vehicle (EV) sector is rapidly evolving, with Chinese manufacturers dominating the market, particularly BYD and other notable brands [1] Company Summary - Nio has achieved a new monthly delivery record in December, delivering 48,135 vehicles, which represents a year-over-year growth of over 54% [2] - The growth for Nio is largely attributed to the launch of its FIREFLY brand, which offers a smaller, more efficient vehicle with enhanced range, appealing to commuters [2] - Nio's production in Q4 reached just under 125,000 vehicles, marking a significant production growth of 72% year-over-year, contrasting with Tesla's 16% decline in deliveries during the same period [5] - Despite Tesla delivering over 418,000 vehicles in Q4, Nio's growth rates suggest the potential for Nio to increase its market share and possibly surpass Tesla within the next three years [6]