NIO-SW (09866) announced its second quarter results for the three months ended June 30, 2025. The group achieved vehicle sales of 16.136 billion yuan, representing a 2.9% year-over-year increase; total revenue reached 19.009 billion yuan, up 9% year-over-year; net loss was 4.995 billion yuan, down 1% year-over-year.

"In the second quarter of 2025, we delivered 72,056 smart electric vehicles, representing a 25.6% year-over-year increase," said William Li, founder, chairman and CEO of NIO Inc. "The ONVO L90 and the all-new NIO ES8 have received enthusiastic market response, further solidifying our overall sales growth momentum. Benefiting from this strong demand, we expect total deliveries in the third quarter to reach 87,000 to 91,000 vehicles, representing a year-over-year increase of 40.7% to 47.1%, setting a new company record."

"The ONVO L90 and the all-new NIO ES8 have gained widespread user acclaim with their exceptional product experience, demonstrating our keen market insights and precise product definition capabilities. With continuous technological innovation, the long-term strategic advantages brought by our power and battery swap infrastructure, and our multi-brand strategy covering a broader user base, these models will redefine competition in the large three-row SUV market and accelerate the market's transition to a new era dominated by pure electric vehicles," Li added.

"Starting from the second quarter, our comprehensive cost reduction and efficiency improvement measures have begun to show results. Excluding organizational optimization expenses, our non-GAAP operating loss narrowed by more than 30% quarter-over-quarter," added Qu Yu, CFO of NIO Inc. "We are approaching a structural inflection point financially, entering a virtuous cycle with continuous improvement in financial performance."