Will New Launches Drive NIO's Gross Margin Expansion in 2025?

Key Takeaways NIO reported Q1 gross margin of 7.6%, up from 4.9% last year, driven by higher-margin sales and cost cuts. New models like ES6, EC6 and ET5 are expected to lift Q2 vehicle margin to around 15%. NIO projects Q4 vehicle margin above 20% with strong ES8 deliveries and improved efficiency.NIO Inc. (NIO) reported a gross margin of 7.6% in the first quarter of 2025, up from 4.9% in the same period last year. This improvement was driven by increased sales of high-margin segments, such as parts, acc ...