The legal action comes as the company reports its second consecutive quarter of profitability and prepares to launch its flagship SUV, the ES9.

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As of press time, Nio's shares in Hong Kong rose 2.75% to HK$44.14 per share.

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Nio reported an adjusted operating profit (non-GAAP) of RMB 66.8 million ($9.7 million) for the first quarter of 2026.

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Nio shares surged 14.80% in Hong Kong after the company posted its first-ever quarterly profit since inception.

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Nio achieved profit from operations of 807.3 million yuan ($115.4 million) in the fourth quarter, marking its first quarterly profit since inception.

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