Zhi Tong Cai Jing·2025-10-01 08:50Core Insights - NIO achieved a significant milestone in September 2025, delivering 34,749 vehicles, marking a 64% year-on-year increase, with cumulative deliveries reaching 872,785 units [1] - The company's success is attributed to its deep understanding of the smart electric vehicle industry, focusing on technology, product planning, and product definition [1] - NIO's high R&D investment, totaling over 60 billion yuan over ten years, has begun to yield substantial returns in 2025 [2] Delivery Performance - In September 2025, NIO delivered 34,749 new vehicles, with 13,728 from the NIO brand, 15,246 from the Ladao brand, and 5,775 from the Firefly brand [1] - Cumulative deliveries include 762,176 from the NIO brand, 90,279 from the Ladao brand, and 20,330 from the Firefly brand [1] Technological Advancements - NIO's R&D focus on the "new three key components"—intelligent driving chips, full-domain operating systems, and intelligent chassis—has established a technological moat [2] - The launch of the world's first mass-produced 5nm intelligent driving chip, "Shenji NX9031," signifies a major industry milestone, enhancing NIO's competitive edge [2] Infrastructure Development - NIO has established over 8,200 battery swap stations, creating a robust network that alleviates charging anxiety for users [3] - The successful deployment of the Ladao L60 and the new ES8 showcases the effectiveness of NIO's energy replenishment system [3] Market Positioning - The Ladao L90 and the new ES8 have successfully penetrated the large three-row SUV market, traditionally dominated by fuel vehicles, demonstrating NIO's strong market presence [4][5] - The Ladao L90 achieved over 20,000 deliveries within 60 days of launch, indicating strong consumer demand and effective product positioning [4] Future Outlook - NIO aims to increase production capacity for the new ES8 to 10,000 units by October and 15,000 units by December, with an overall monthly production target of 25,000 units [5] - The successful launch of these flagship models signals a shift in consumer acceptance of electric vehicles, particularly in the large SUV segment [6][7]