NIO(HK:09866) Mei Ri Jing Ji Xin Wen·2025-03-22 08:51Core Viewpoint - NIO achieved record revenue of 65.73 billion in 2024, with a year-on-year growth of 18.2%, while adjusted net loss increased by 11.6% to 20.4732 billion [2][7] Financial Performance - In Q4 2024, NIO's total revenue reached 19.7034 billion, a year-on-year increase of 15.2% and a quarter-on-quarter increase of 5.5% [4][6] - The automotive sales revenue for Q4 2024 was 17.4756 billion, up 13.2% year-on-year and 4.7% quarter-on-quarter [4][6] - NIO delivered approximately 72,700 vehicles in Q4 2024, marking a historical high, with an automotive gross margin of 13.1%, up 1.2 percentage points from Q4 2023 [6][7] Cost Reduction Strategy - NIO plans aggressive cost reduction targets for 2025, focusing on technological advancements and operational efficiency to enhance profitability [7][8] - The company achieved a 10% reduction in overall vehicle BOM costs in 2024 and aims to continue this trend in 2025 [7][8] Future Outlook - NIO's Chairman Li Bin expressed confidence in achieving quarterly profitability in Q4 2025, with expected vehicle deliveries between 41,000 and 43,000 in Q1 2025, representing a year-on-year growth of approximately 36.4% to 43.1% [2][9] - The company plans to launch nine new models across its three brands (NIO, Ladao, Firefly) in 2025, with a sales target of 440,000 vehicles [9][10] Charging Infrastructure - NIO has established 3,167 battery swap stations and aims to expand its network further, with plans to cover over 2,300 county-level administrative regions by the end of 2024 [10][11]