NIO Achieves First Quarterly Profit: Q4 2025 Operating Profit Hits RMB 1.25 Billion; New Models Including ES9 and Onvo L80 Coming in 2026

NIO Releases Q4 and Full-Year 2025 Financial Results, Achieving First-Ever Quarterly Profitability: Q4 revenue reached RMB 34.65 billion, up 75.9% year-over-year; operating profit was RMB 1.25 billion, with vehicle gross margin at 18.1%; cash reserves increased to RMB 45.9 billion. Full-year 2025 total revenue amounted to RMB 87.49 billion, a 33.1% year-over-year increase. Looking ahead to Q1 2026, NIO expects to deliver between 80,000 and 83,000 vehicles, with projected revenue of approximately RMB 24.5–25.2 billion. On the product front, NIO will unveil technical details of the ES9 on April 9, 2026, and will roll out updates for multiple models including the ET5 and ES6. The ONVO brand will launch the L80 (scheduled for Q2 launch), a LiDAR-equipped L90 variant, and a new L60 model. Additionally, the Firefly series will introduce several special editions. Furthermore, NIO’s NWM World Model and MOMI system will receive simultaneous upgrades.