Nio price drops — what’s behind today’s move (January 5)

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Nio Slides 5.34% Today to $4.87

Highlights

Nio delivered a record 48,135 electric vehicles in December, 124,807 in the fourth quarter, and 326,028 for 2023, bringing cumulative shipments near one million units.
Celebrating its production milestone at the Hefei plant, Nio announced plans to deploy over 1,000 new battery swap stations to expand service infrastructure.
Nio entered a five-year battery development agreement with CATL, targeting enhancements in long-life batteries and improved battery swap station compatibility.

Production milestones and partnerships as company expands battery network

Nio reported record electric vehicle deliveries, having shipped 48,135 vehicles in December, 124,807 in the fourth quarter, and 326,028 for the full year, bringing its cumulative total close to one million units. The company celebrated this production milestone at its Hefei plant and announced plans to add over 1,000 new battery swap stations. Nio also signed a five-year battery development agreement with CATL to improve long-life batteries and swap compatibility.

Anton Kharitonov, expert at Traders Union, observes that Nio shares remain under sustained selling pressure, with price action persistently below all major moving averages. He notes that despite record-breaking deliveries and renewed battery partnerships, the market response is distinctly negative. Technical readings confirm persistent downside momentum, with most indicators not showing meaningful signs of reversal. Bearish signals are being reinforced by oversold readings, and sellers continue to dominate near-term price action. "Until price action reclaims resistance zones, I expect sentiment to stay negative and see little room for a sustained recovery here," he warns.

Viktoras Karapetjanc, expert at Traders Union, highlights Nio’s historic delivery figures and strategic battery alliance as key strengths. He sees the record pace of shipments and expansion of battery swap stations as supporting future growth. Karapetjanc maintains a constructive view, arguing that these milestones will eventually drive a rebound. "With deliveries surging and infrastructure expanding, I view the long-term bullish structure as intact despite short-term technical weakness," he asserts.

Firm bearish momentum as technical signals confirm seller control

Momentum signals remain clearly negative, with MACD on a strong sell and ADX confirming a firm downward trend. RSI and CCI both flash oversold signals, while Stoch RSI is neutral but oversold on several intraday timeframes, underlining persistent selling. BBP also indicates sellers have the upper hand intraday. The closest dynamic resistance is seen near the Ichimoku Kijun around $5.26, while immediate support may be limited, with sellers dominating below major averages.

Last time, analysts noted that Nio was trading below key moving averages with persistent bearish momentum, as technical indicators such as the daily MACD and RSI highlighted prevailing downside pressure and waning investor confidence. Immediate dynamic resistance levels and continued negative oscillator readings suggested that sellers remained dominant, positioning the stock for further volatility as it approached support — as outlined in the previous market session recap.

Source of Data: NIO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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