NIO-SW shares surged 5.05% during intraday trading, reflecting strong investor optimism following positive business updates from the electric vehicle maker.

The stock movement comes after NIO Chairman and CEO Li Bin stated at the China Auto Chongqing Forum that the company expects to achieve 40% to 50% growth this year, noting NIO has entered a third phase of high-quality development. The company reported delivering 150,000 vehicles from January to May across its three brands — NIO, ONVO, and Firefly — representing a significant 68.7% year-over-year increase.

Additionally, NIO achieved its first single-quarter profit in Q4 last year with an adjusted operating profit of 1.25 billion RMB, and sustained profitability into Q1 this year, reinforcing confidence in the company's growth trajectory. Li Bin attributed the momentum to the accelerating penetration of pure electric vehicles across all segments, aligning with the company's earlier judgment on the pure-EV inflection point.