Goldman Sachs Penny Stocks: Top 12 Stock Picks

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8. NIO Inc. (NYSE:NIO)

Goldman Sachs’s Q1 2025 Stake: $6,842,000

Share Price as of July 3: $3.48

Number of Hedge Fund Investors In Q1 2025: 21

NIO Inc. (NYSE:NIO) is one of Goldman Sachs’ top penny stock picks. On July 1, 2025, NIO Inc. shared its latest car delivery numbers. In June, it sold 24,925 vehicles—17.5% more than the same time last year. These included cars from its main NIO brand, the family-friendly ONVO brand, and its smaller high-end brand FIREFLY.

For the second quarter of 2025, NIO delivered 72,056 cars in total, up 25.6% year-over-year. By the end of June, the company had delivered 785,714 vehicles overall.

NIO also received top rankings in the 2025 J.D. Power studies. Its ET5 and ET5T models were rated highest among mid-size electric cars, and the EC6 led the premium category. NIO has now maintained top-quality rankings in its class for seven consecutive years.

NIO Inc. (NYSE:NIO) is a Chinese electric vehicle (EV) manufacturer. It designs, manufactures, and sells premium smart EVs. NIO also offers battery-swapping services, as well as home and mobile charging solutions and autonomous driving technologies. Its brands include NIO, ONVO, and Firefly, targeting different market segments.

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