Sou Hu Cai Jing·2025-09-03 06:34Financial Performance - NIO's revenue for the first half of 2025 was 31.043 billion RMB (approximately 4.333 billion USD), a 13.5% increase from 27.355 billion RMB in the same period last year [1] - In Q2 2025, NIO reported revenue of 19 billion RMB (approximately 2.653 billion USD), a 58% increase year-over-year from 17.445 billion RMB [7][8] - The net loss for the first half of 2025 was 11.745 billion RMB (approximately 1.639 billion USD), compared to a net loss of 10.231 billion RMB in the same period last year [1][22] - NIO's Q2 2025 net loss was 49.948 billion RMB (approximately 6.972 billion USD), a decrease of 1% year-over-year [22] Vehicle Deliveries - NIO delivered 72,056 vehicles in Q2 2025, a 25.6% increase compared to 57,373 vehicles in Q2 2024 [4][5] - The company expects to deliver between 87,000 to 91,000 vehicles in Q3 2025, representing a year-over-year growth of 40.7% to 47.1% [5] Cost and Expenses - NIO's total cost in Q2 2025 was 171.11 billion RMB (approximately 23.89 billion USD), an 8.6% increase year-over-year [13] - The gross profit for Q2 2025 was 18.98 billion RMB (approximately 2.65 billion USD), with a gross margin of 10% [14][15] - Operating expenses for Q2 2025 were 68 billion RMB, a decrease of 1% from 69 billion RMB in the same period last year [17] Cash and Assets - As of June 30, 2025, NIO's total assets amounted to 1000.46 billion RMB (approximately 139.65 billion USD) [23] - The total liabilities were 934.3 billion RMB (approximately 130 billion USD), with current liabilities at 622.82 billion RMB (approximately 86.94 billion USD) [25] - NIO's cash and cash equivalents, restricted cash, and short-term investments totaled 272 billion RMB (approximately 38 billion USD) [22] Strategic Outlook - NIO's CEO Li Bin emphasized the necessity for the company to achieve profitability by Q4 2025, citing that 30%-40% of potential customers are hesitant to purchase due to concerns about the company's financial stability [27] - The company is focusing on understanding user needs and improving operational efficiency to enhance product competitiveness [28]