Bei Jing Ri Bao Ke Hu Duan·2025-09-03 07:27Core Viewpoint - NIO is recovering from a challenging period, showing significant growth in vehicle deliveries and revenue in Q2 2025, driven by new product launches and cost reduction efforts [1] Group 1: Financial Performance - In Q2 2025, NIO delivered 72,056 vehicles, representing a year-on-year increase of 25.6% and a quarter-on-quarter increase of 71.2% [1] - Revenue for Q2 reached 19.01 billion yuan, up 9.0% year-on-year and 57.9% quarter-on-quarter [1] - The company reported a gross margin of 10.0% in Q2, with other sales gross margin turning positive at 8.2%, marking a historical high [1] - Cash reserves stood at 27.2 billion yuan, showing a quarter-on-quarter increase [1] - R&D expenditure for Q2 was 3.01 billion yuan, while the net loss for the first half of the year was 11.745 billion yuan, a reduction compared to the same period last year [1] Group 2: Future Guidance - NIO's guidance for Q3 includes new vehicle deliveries between 87,000 and 91,000 units, reflecting a year-on-year growth of 40.7% to 47.1% [1] - Projected revenue for Q3 is between 21.81 billion and 22.88 billion yuan, expected to be a historical high [1] Group 3: Strategic Goals - The long-term goal for NIO is to achieve a gross margin of 20%, with aspirations to reach 25% [2] - The company aims for the gross margin of its new brand, Lado, to exceed 15%, while the Firefly brand targets around 10% [2] - NIO plans to increase production capacity for its new models, with Lado L90 expected to reach 15,000 units in October and the new ES8 reaching 10,000 units in October and 15,000 units by December [2]