Record Vehicle Deliveries
NIO delivered a total of 72,689 Smart EVs in Q4 2024, setting a new quarterly record. For the full year, deliveries reached 221,970, marking a 38.7% increase year-over-year.
Market Share Leadership
The NIO brand secured a 40% market share in China's BEV segment priced above RMB300,000. The ONVO L60 ranked among the top three in China's BEV SUV market priced between RMB200,000 and RMB300,000.
Supply Chain and Cost Optimization
NIO's vehicle margin improved to 14.9% in Q4, while the company's overall vehicle margin reached 13.1% due to supply chain optimization and cost control.
Product Expansion
NIO launched the NIO 89 flagship smart executive sedan and scheduled multiple new models and upgrades, including the ONVO L90 and Firefly brand launch in April 2025.
Power Swap and Charging Network Expansion
NIO deployed 3,245 power swap stations worldwide and built over 25,000 power chargers. A record 137,000 battery swaps were made in a single day during the New Year holiday.