Nan Fang Du Shi Bao·2025-09-03 07:43Core Viewpoint - NIO's Q2 2025 financial results show significant revenue growth and a reduction in net losses, indicating a potential turning point towards profitability in the near future [1][3]. Financial Performance - Q2 2025 revenue reached 19.009 billion yuan, a 57.9% increase quarter-over-quarter and a 9% increase year-over-year [2]. - Net loss for Q2 2025 was 4.995 billion yuan, a 26% reduction from the previous quarter and a 1% reduction year-over-year [2]. - Adjusted net loss (Non-GAAP) was 4.127 billion yuan, down 34.3% quarter-over-quarter and 9% year-over-year [2]. - Gross margin for Q2 2025 was 10%, up 2.4 percentage points from the previous quarter and 0.3 percentage points year-over-year [1][2]. Delivery and Production Goals - NIO delivered 72,056 vehicles in Q2 2025 and aims for 87,000 to 91,000 deliveries in Q3 2025, with a target of 50,000 monthly deliveries by Q4 2025 [3][5]. - The company has four models with strong order backlogs, including the L90 and the new ES8, which are expected to meet high market demand [5]. - Production capacity for the L90 is projected to reach 15,000 units per month by October 2025, and for the new ES8 by December 2025 [5]. Profitability Outlook - The company anticipates that gross margins will gradually improve, with a target of 16%-17% gross margin for Q4 2025 [6]. - The target gross margin for the NIO brand is set at 20%, with aspirations to reach 25%, while the Ladao brand aims for 15% and Firefly around 10% [6].