Bei Jing Ri Bao Ke Hu Duan·2025-09-05 09:55Core Viewpoint - NIO is recovering from a challenging period, showing significant growth in vehicle deliveries and revenue in Q2 2025, driven by new vehicle 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's gross margin improved to 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, which represents a year-on-year increase of 40.7% to 47.1% [1] - Revenue guidance for Q3 is projected to be between 21.81 billion yuan and 22.88 billion yuan, both figures expected to be historical highs [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 to maintain competitive pricing for its new models through cost control and self-developed technology [2] - NIO plans to increase production capacity for its new models, with targets of 15,000 units for the L90 and 10,000 units for the new ES8 by October, and 50,000 monthly deliveries by Q4 [2][3]