NIO officially announced today that the company will gradually enter three new markets - Singapore, Uzbekistan, and Costa Rica - between 2025 and 2026, further expanding its global business operations.

According to the announcement, in Singapore, NIO Inc. will collaborate with Wearnes Automotive, a leading premium automotive group in the Asia-Pacific region. Starting in 2026, NIO plans to launch the firefly right-hand drive model first in the Singapore market, marking NIO's first introduction of a right-hand drive vehicle. In Costa Rica, NIO will partner with Horizontes Cielo Azul Movilidad, the country's largest electric vehicle dealer, planning to initially launch the NIO EL8 (ES8 in the Chinese market), EL6 (ES6 in the Chinese market), ET5 Touring (ET5T in the Chinese market), Ledo L60, and firefly models. This represents NIO's first expansion into the Americas market. In Uzbekistan, NIO will collaborate with Abu Sahiy Motors, a well-known local conglomerate, planning to initially introduce the NIO EL8 (ES8 in the Chinese market), EL6 (ES6 in the Chinese market), ET5, ET5 Touring (ET5T in the Chinese market), and Ledo L60 models, marking NIO's first entry into the Central Asian automotive market.

According to previous reports, NIO officially announced on June 17 this year that the company would further expand its European market presence from 2025 to 2026. NIO will enter Portugal, Greece, Cyprus, Bulgaria, and Denmark through national distributor models, launching five vehicle models from two brands, including NIO EL6 (ES6 in the Chinese market), EL8 (ES8 in the Chinese market), ET5, ET5 Touring (ET5T in the Chinese market), and the firefly model.

NIO also released its Q1 2025 financial results for the period ending March 31, 2025, on June 3 this year. NIO's revenue for the quarter reached 12.0347 billion yuan, compared to 9.91 billion yuan in the same period last year, representing a 21.5% year-over-year increase, against market expectations of 12.35 billion yuan. Vehicle sales revenue was 9.9393 billion yuan, up 18.6% year-over-year. Operating loss was 6.4181 billion yuan, increasing 19.0% year-over-year. Net loss was 6.75 billion yuan, up 30.2% year-over-year. Vehicle gross margin was 10.2%, with total gross margin at 7.6%. Q1 R&D expenses were 3.1814 billion yuan, up 11.1% year-over-year.