An uptick in nio hong kong stock price aligns with the latest China Passenger Car Association data showing EV penetration rates climbing to 38% in May Then there’s the issue of profitability. Morningstar ( NASDAQ:MORN ) analyst Vincent Sun said in September that NIO could become profitable in 2026, but the company hasn’t offered any official plan to reach profitability. A key issue for the automaker is its margins, which are being pressured by the ongoing EV price war. Nio recently launched two cheaper brands — Onvo, which targets the mass market, and Firefly, which caters to young urban buyers — to capture a broader range of customers.
