Ge Long Hui·2025-09-02 11:06Financial Performance - In Q2 2025, the total revenue reached RMB 19.0087 billion (USD 2.6535 billion), representing a 9.0% increase year-over-year and a 57.9% increase quarter-over-quarter [1] - The gross profit for Q2 2025 was RMB 1.8975 billion (USD 264.9 million), up 12.4% from Q2 2024 and 106.3% from Q1 2025, with a gross margin of 10.0% compared to 9.7% in Q2 2024 and 7.6% in Q1 2025 [1] - The net loss for Q2 2025 was RMB 4.9948 billion (USD 697.2 million), a decrease of 1.0% from Q2 2024 and a 26.0% decrease from Q1 2025 [1] Vehicle Deliveries - The total vehicle deliveries in Q2 2025 were 72,056 units, marking a 25.6% increase year-over-year and a 71.2% increase quarter-over-quarter [2] - The breakdown of deliveries included 47,132 units from the NIO brand, 17,081 units from the Ladao brand, and 7,843 units from the Firefly brand [2] - For Q3 2025, the company expects vehicle deliveries to be between 87,000 and 91,000 units, representing a year-over-year growth of approximately 40.7% to 47.1% [2] Market Insights and Strategic Initiatives - The Ladao L90 and the new NIO ES8 have received positive market feedback, indicating strong sales momentum [2][3] - The company is implementing cost reduction and efficiency measures, which have begun to show results, with a significant reduction in non-GAAP operating losses [3] - The CFO noted that the company is entering a structural turning point in its financial performance, indicating a positive cycle of improvement [3]