Nio reported Q1 2025 deliveries of 42,090 vehicles, up 4.1% year-over-year. For Q2, Nio expects deliveries between 72,000-75,000 units, representing 25.5-30.7% year-over-year growth. Key updates:

1. Launched upgraded ES6, EC6, ET5 and ET5 Touring models in May with improved margins.
2. Onvo brand seeing order growth since late April after organizational changes.
3. New L9 SUV to launch in Q3, with strong initial interest from users.
4. Firefly brand started deliveries in late April.
5. Rolled out new smart driving capabilities based on Nio World Model.
6. Expanding battery swap network, now with over 1,900 stations globally.
7. Targeting breakeven in Q4 2025 through higher sales volumes, improved margins and cost controls.
8. Exploring innovative sales approaches using battery swap stations in lower-tier cities.
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.