NIO provided updates on their Q2 2025 performance and future outlook:
1. Q2 delivery guidance of 72,000-75,000 vehicles, up 25.5-30.7% year-over-year.
2. Vehicle margin expected to improve to around 15% for NIO brand in Q2.
3. Overall gross margin projected to return to double digits in Q2.
4. New ES6, EC6, ET5 and ET5T models launched with improved margins, exceeding 20% for ES6.
5. NIO plans to achieve breakeven in Q4 2025 with:
- Monthly sales of ~50,000 units across brands
- 17-18% gross margin
- SG&A expenses at ~10% of revenue
- R&D expenses at 6-7% of revenue
6. No immediate plans to upgrade 5 and 6 series models to 800V platform.
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.