Globenewswire·2025-11-25 10:08Core Insights - NIO Inc. reported a significant increase in vehicle deliveries and financial performance for Q3 2025, indicating strong growth momentum in the smart electric vehicle market [2][12][29]. Vehicle Deliveries - The company delivered 87,071 vehicles in Q3 2025, marking a 40.8% increase year-over-year and a 20.8% increase from Q2 2025 [3][4]. - Deliveries included 36,928 vehicles from the NIO brand, 37,656 from the ONVO brand, and 12,487 from the FIREFLY brand [3]. Financial Performance - Vehicle sales reached RMB19,202.3 million (US$2,697.3 million) in Q3 2025, up 15.0% year-over-year and 19.0% quarter-over-quarter [7][8]. - Total revenues for Q3 2025 were RMB21,793.9 million (US$3,061.4 million), reflecting a 16.7% increase from Q3 2024 and a 14.7% increase from Q2 2025 [7][16]. - Gross profit was RMB3,024.6 million (US$424.9 million), a 50.7% increase year-over-year and a 59.4% increase quarter-over-quarter [7][8]. Profitability Metrics - Vehicle margin improved to 14.7% in Q3 2025, compared to 13.1% in Q3 2024 and 10.3% in Q2 2025 [7][8]. - Gross margin for the quarter was 13.9%, up from 10.7% in Q3 2024 and 10.0% in Q2 2025 [7][8]. Losses and Adjusted Metrics - Loss from operations decreased to RMB3,521.5 million (US$494.7 million), down 32.8% year-over-year and 28.3% quarter-over-quarter [19][22]. - Adjusted loss from operations (non-GAAP) was RMB2,776.1 million (US$390.0 million), a decrease of 39.5% year-over-year and 31.3% quarter-over-quarter [19][22]. Cash Position - As of September 30, 2025, the company had cash and cash equivalents totaling RMB36.7 billion (US$5.1 billion) [24]. Future Outlook - For Q4 2025, NIO expects to deliver between 120,000 and 125,000 vehicles, representing a year-over-year increase of approximately 65.1% to 72.0% [12][29]. - Total revenues are projected to be between RMB32,758 million (US$4,602 million) and RMB34,039 million (US$4,781 million), indicating a growth of approximately 66.3% to 72.8% from the same quarter of 2024 [29].