NIO Ends 2024 with Record Deliveries: Why Is the Stock Still Falling?

Summary:
• NIO delivered a record 31,138 EVs in December 2024, ending the year strong with 221,970 total deliveries. What can fuel a 2025 recovery?

NIO (NYSE: NIO) ended 2024 with a bang, delivering 31,138 vehicles in December—a 72.9% increase year-over-year. The strong finish reflects the company’s efforts to boost production and sales while navigating the challenges of a competitive EV market. But with NIO stock trading near multi-year lows, can the company’s momentum fuel a recovery in 2025?

NIO introduced its Firefly brand, aimed at compact EV consumers in Europe. Despite these advancements highlighting NIO’s international goals, investors are still wary as the stock finds it hard to pick up momentum.

NIO Stock Analysis

Nio Support Levels

• $4.27: Immediate support, tested multiple times in recent sessions.
• $3.69: A critical level, representing the lowest point from 2024.

Nio Resistance Levels

• $4.53: The 10-day SMA, which needs to be reclaimed to signal short-term strength.
• $5.03: A key hurdle that aligns with December highs.
• $5.59: A breakout above this level could spark bullish momentum.

What’s Next for NIO?

NIO’s unprecedented deliveries in December and bold global expansion strategies prepare the ground for a crucial year. Although the stock’s recent performance indicates market uncertainty, the company’s inventive strategy and expanding presence in important markets suggest potential for long-term growth. At this stage, the emphasis will be on NIO’s capacity to leverage its momentum and tackle profitability issues while maneuvering through the intensely competitive EV market.