NIO Releases Q2 Financial Report: Revenue Increased by 57.9% Quarter-on-Quarter

On September 2nd, NIO officially released its financial report for the second quarter of 2025. The data shows that NIO achieved a revenue of 19.01 billion RMB in this quarter, representing a year-on-year increase of 9% and a significant quarter-on-quarter growth of 57.9%, demonstrating strong business recovery and growth momentum.

According to the financial report, NIO delivered a total of 72,056 vehicles in the second quarter, representing a year-on-year increase of 25.6% and a quarter-on-quarter increase of 71.2%, reflecting the continued recovery in market demand and improving supply chain efficiency. Meanwhile, the company's overall gross profit margin increased to 10%, and the gross profit margin from other sales turned positive for the first time, reaching 8.2%, setting a historical high, which demonstrates the significant enhancement of NIO's current profitability.

Image Source: NIO Inc.

In terms of research and development, NIO has continued to increase its investment, with R&D expenses reaching 3.01 billion yuan in the second quarter, demonstrating its commitment to long-term technological planning. As of the end of the second quarter, the company's cash reserves increased to 27.2 billion yuan, achieving quarter-on-quarter growth and providing solid financial support for subsequent product development and market expansion.

More notably, NIO has provided an upbeat outlook for its performance in the third quarter of 2025: deliveries are expected to range between 87,000 and 91,000 units, representing a year-on-year increase of 40.7% to 47.1%; revenue is projected to reach between 21.81 billion and 22.88 billion yuan, both figures set to hit record highs.

This guidance will further enhance the market's confidence in NIO's full-year performance.

Overall, NIO’s financial and operational data for the second quarter exceeded market expectations, especially the improvement in gross margin and the rapid growth in deliveries, which have placed it in a more favorable position in the fiercely competitive new energy vehicle market.

In the future, with the continuous increase in the penetration rate of China's new energy vehicle market and the growing consumer demand for high-end smart electric vehicles, NIO is expected to continue to maintain its market performance and financial improvement due to its unique product positioning, technological accumulation, and user ecosystem. Meanwhile, NIO has also made new progress in its internationalization strategy. It is reported that the company is steadily advancing its expansion plans in the European market and will launch operations in more European countries within this year, further enhancing the brand's global influence.