NIO delivered 40,194 smart EVs in Q1 2025, up 4.1% year-over-year, including 27,300 deliveries from NIO and 14,780 from EANO. April and May deliveries totaled 23,925. Q2 deliveries are expected to be between 72,000 and 75,000, representing 25.5% to 30.7% year-over-year growth. NIO launched new models including ET9, ES6, EC6, ET5, and ET5T, with improvements in perceived value and cost structure. The company continues to expand its power swap network, with 3,408 stations worldwide and over 26,000 chargers installed. NIO completed a share offering in Hong Kong, raising over 4 billion HKD.Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.