Overview
- NIO reported a non-GAAP adjusted operating profit of RMB1.251 billion in Q4 2025 as vehicle margin rose to 18.1% and gross margin reached 17.5%.
- Quarterly revenue climbed to RMB34.65 billion on record deliveries of 124,807 vehicles across the Nio, Onvo and Firefly brands.
- For full-year 2025, the company delivered 326,028 vehicles and generated RMB87.49 billion in total revenue.
- NIO delivered 27,182 vehicles in January 2026 and 20,797 in February, bringing cumulative deliveries to 1,045,571 as of February 28.
- Recent corporate actions include bringing external investors into the Shenji chip unit for a 27.3% stake with NIO retaining 62.7% control and agreements to lift its holding in NIO China to 92.9% upon completion.