NIO Inc. (NIO) reported unaudited results for the quarter ended Jun, 30 2026, showing total revenue of RMB32.14 billion (US$4.74 billion), up 69.1 per cent year on year and 25.9 per cent quarter on quarter.

The company delivered 107,658 vehicles during the period, a 49.4 per cent increase from the same quarter in 2025 and 29.0 per cent more than in the first quarter of 2026. Deliveries comprised 60,945 NIO-branded vehicles, 29,124 ONVO units and 17,589 FIREFLY cars.

Vehicle sales revenue rose 80.1 per cent year on year to RMB29.06 billion (US$4.28 billion), while vehicle margin improved to 18.5 per cent from 10.3 per cent a year earlier. Overall gross margin expanded to 18.4 per cent from 10.0 per cent in the comparable period of 2025.

The group recorded a gross profit of RMB5.91 billion (US$0.87 billion), more than triple the figure in the year-earlier quarter. Loss from operations narrowed sharply to RMB347 million (US$51 million) from RMB4.91 billion a year ago. On a non-GAAP basis, which excludes share-based compensation, the company reported an operating profit of RMB207 million (US$31 million).

Net loss was RMB528 million (US$78 million), compared with a loss of RMB4.99 billion in the second quarter of 2025. Adjusted net profit, excluding share-based compensation, was RMB26 million (US$4 million).

At Jun, 30 2026, cash, cash equivalents, restricted cash, short-term investments and long-term time deposits totalled RMB56.7 billion (US$8.4 billion).

For the third quarter of 2026, NIO forecasts vehicle deliveries of 108,000 to 111,000 units, implying annual growth of 24.0 to 27.5 per cent, and projects revenue between RMB33.29 billion and RMB34.05 billion.

Management said growth during the quarter was driven by higher sales volumes across the NIO, ONVO and FIREFLY brands, as well as an improved product mix that supported margins. Recent launches include the five-seat version of the ES8, unveiled on Jul, 09 2026, with deliveries starting the next day.

The company reported that it delivered 35,934 vehicles in Jul, 2026 and 35,836 vehicles in Aug, 2026, bringing year-to-date deliveries to 262,893 units as of Aug, 31 2026.