Nio Inc

Latest Results (25.09.2025):

NIO Inc. reported its unaudited financial results for the second quarter of 2025, showcasing significant growth in vehicle deliveries and total revenues. The company achieved total revenues of RMB19,008.7 million (US$2,653.5 million) and delivered 72,056 vehicles, reflecting strong year-over-year and quarter-over-quarter increases. Despite continuing to report a net loss, NIO demonstrated improved profitability metrics and a robust cash position, positioning the company for sustainable growth in the competitive electric vehicle market.

Record Vehicle Deliveries

In Q2 2025, NIO delivered 72,056 vehicles, marking a 25.6% increase compared to Q2 2024 and a 71.2% rise from Q1 2025. The deliveries included 47,132 units from the premium brand NIO, 17,081 units from the family-oriented ONVO brand, and 7,843 units from the high-end FIREFLY brand, highlighting the success of NIO's multi-brand strategy.

Revenue Growth

Total revenues for the second quarter reached RMB19,008.7 million (US$2,653.5 million), a 9.0% increase year-over-year and a substantial 57.9% rise quarter-over-quarter. Vehicle sales contributed RMB16,136.1 million (US$2,252.5 million), up 2.9% YoY and 62.3% QoQ, driven by higher delivery volumes and an expanded product lineup.

Improved Profitability

NIO reported a gross profit of RMB1,897.5 million (US$264.9 million), a 12.4% increase from Q2 2024 and a remarkable 106.3% jump from Q1 2025. The gross margin improved to 10.0%, up from 9.7% in the previous year and significantly higher than the 7.6% in the preceding quarter, reflecting better cost management and higher efficiency.

Reduction in Operational Loss

The company's loss from operations decreased to RMB4,908.9 million (US$685.2 million) in Q2 2025, a 5.8% reduction year-over-year and a 23.5% decrease from Q1 2025. Adjusted for non-GAAP measures, the operational loss further improved by 14.0% YoY and 32.1% QoQ, indicating progress in cost reduction and operational efficiency.

Strong Cash Position

NIO maintained a solid financial foundation with RMB27.2 billion (US$3.8 billion) in cash and cash equivalents, restricted cash, short-term investments, and long-term time deposits as of June 30, 2025. This robust cash position supports the company's ongoing investments and strategic initiatives to drive future growth.