NIO Delivers 34,246 in October, Ending 31 Straight Months of Year-Over-Year Growth

NIO delivered 34,246 vehicles in October 2026, down 15.23 percent year over year and 8.45 percent month over month, ending 31 consecutive months of year-over-year growth, according to the company figures reported November 1. Year-to-date deliveries reached 334,547 vehicles, up 38.5 percent compared with the same period in 2025, and cumulative deliveries stood at 1,332,139 as of October 31. A single soft month against a strongly positive year is the context the headline misses.

The brand split explains the decline. The core NIO brand delivered 18,125 vehicles, up 5.73 percent year over year but down 14.98 percent month over month. ONVO delivered 8,383 vehicles, down 51.66 percent year over year and 4.34 percent month over month — the weakest leg. FIREFLY, by contrast, delivered 7,738 vehicles, up 30.89 percent year over year and 5.61 percent month over month, setting a record for the second consecutive month. The small-car brand is growing while the mass-market ONVO brand struggles.

One milestone softened the month: the all-new NIO ES8 reached its 160,000th delivery on October 23, 2026. The question for NIO is whether October is a model-cycle pause or the start of a harder fight. With XPeng setting records in the same month and Li Auto also declining, October looks like a sorting month for Chinese EV makers — winners separated from strugglers by new models and export strength, not by brand size alone.