Record Quarterly Deliveries
In Q4 2024, NIO delivered a total of 72,689 Smart EVs, setting a new quarterly record. Total deliveries for the year reached 221,970, marking a 38.7% increase year-over-year.
NIO Leadership in Premium BEV Segment
NIO secured a 40% market share in China's BEV segment priced above RMB300,000, delivering 201,209 vehicles in this category.
Vehicle Margin Improvement
NIO’s vehicle margin improved to 14.9% in Q4, with an overall vehicle margin of 13.1% due to supply chain optimization and cost control.
Positive Gross Margin in Other Sales
Profitability in after-sales services and technology service revenue led to a positive gross margin in other sales for Q4.
Launch of New Models
NIO launched the NIO 89, a flagship smart executive sedan, with strong demand for its limited edition. Additionally, new models for ET5, ET5T, ES6, and EC6 are set to launch in Q2 2025.
Sustainability Recognition
NIO's ESG rating was upgraded by MCSI from A to AA, and it was ranked as the number one car company by Corporate Knights in its 2025 Global 100 most sustainable companies list.