Nio stock rose 3% as it ensures the gross margin to exceed 20% in Q4.

NIO reported vehicle deliveries rose 40.1% to 42,094 units in Q1, with the ONVO brand contributing 35% of total deliveries. Nio aims to achieve monthly sales of 25,000 units for Onvo's three models in the fourth quarter.

Nio also ensures that the gross margin difference exceeds 20 percent in the fourth quarter.