NIO Inc. Reports Q1 2025 Financial Results

Nio Inc ( (NIO) ) has released its Q1 earnings. Here is a breakdown of the information Nio Inc presented to its investors.

NIO Inc., a prominent player in the global smart electric vehicle market, designs, develops, and sells innovative electric vehicles under various brands, including NIO, ONVO, and FIREFLY. The company is known for its technological advancements and commitment to sustainability.

In the first quarter of 2025, NIO Inc. reported a significant year-over-year increase in vehicle deliveries, although there was a notable decline compared to the previous quarter. The company also saw growth in total revenues and gross profit compared to the same period last year but experienced a decrease from the fourth quarter of 2024.

Key financial metrics for the first quarter of 2025 include vehicle sales of RMB9,939.3 million, a 10.2% vehicle margin, and a gross margin of 7.6%. Despite these gains, NIO reported a net loss of RMB6,750.0 million, reflecting a 30.2% increase from the previous year. The company also completed an equity placement and launched new vehicle models, including the Firefly and upgraded versions of existing models.

Looking ahead, NIO’s management remains optimistic about the second quarter of 2025, expecting vehicle deliveries to increase significantly. The company is focused on enhancing its product offerings and technological innovations, aiming for improved operational efficiency and cost control measures to support its growth trajectory.