NIO Inc. ( NIO ) shares are trading lower in the premarket session on Tuesday despite a series of positive updates for the electric vehicle maker.

The company’s founder, chairman, and CEO, William Li, reportedly emphasized key strategic goals during an internal meeting as NIO prepares for 2025, reports CnEV Post.

Li outlined three core visions for the company: doubling sales, achieving single-quarter profitability by the fourth quarter of 2025, and continuing to enhance systematic capabilities.

This meeting marked the company’s first quarterly gathering after celebrating its 10th anniversary.

Meanwhile, shares of other Chinese EV makers like XPeng Inc. ( XPEV ) also fell on Tuesday.

The dip comes after Chinese EV giant BYD Co. ( BYDDF ) launched smart driving features on vehicles priced as low as $10,000.

BYD on Monday rolled out an advanced driver-assist system called “God’s Eye” that it intends to install on a range of cars, including its low-cost Seagull hatchback priced under $10,000, for no added cost. The company began sales of 21 models equipped with the technology soon after the event.

Also Read: BYD Teams Up With DeepSeek To Outpace Tesla In Budget-Friendly AI-Driven Tech For Chinese Cars Amid Regulatory Roadblocks

Meanwhile, NIO’s performance during the Chinese New Year holiday also stands out. The company saw a surge in demand for its battery swap services, with 136,720 services recorded on February 3 alone.

This marked a peak in demand following a strong performance on January 25, with 119,848 services in a single day.

Additionally, NIO reported a 37.9% year-over-year increase in vehicle deliveries for January 2025, reaching 13,863 units.

Adding to the optimism, NIO is expected to be included in a major Hong Kong stock index after the Hang Seng Indexes Company Limited’s semi-annual review on February 21. This potential inclusion could attract passive investment inflows, providing a boost to the company’s stock price when the changes take effect on March 10.

Price Action: NIO shares are trading lower by 2.19% to $4.235 premarket at last check Tuesday.

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