NIO-SW (09866) gained over 4% following its earnings release. As of press time, the stock rose 4.31% to HK$53.25 with a turnover of HK$30.42 million.

On the news front, NIO Inc. announced its second-quarter results, reporting revenue of RMB 19.01 billion, up 9% year-over-year and 57.9% quarter-over-quarter. Net loss narrowed to RMB 4.995 billion. The company delivered 72,056 vehicles in Q2, representing a 25.6% increase year-over-year and 71.2% growth quarter-over-quarter.

For the third quarter, NIO provided delivery guidance of 87,000 to 91,000 units, representing growth of 40.7% to 47.1% year-over-year. The company's Q3 revenue guidance ranges from RMB 21.81 billion to RMB 22.88 billion. Both metrics represent historical highs.

Notably, in August this year, NIO delivered 31,300 new vehicles, up 55.2% year-over-year, setting a new monthly record. This included 10,500 vehicles under the NIO brand, 16,400 under the Ledao brand, and 4,346 under the Firefly brand. The Ledao L90 achieved 10,600 deliveries in its first month on the market, making it the fastest model in NIO's history to surpass 10,000 monthly deliveries.