NIO Inc. has released its unaudited financial results for the third quarter of 2025, showcasing impressive growth across several key metrics. The company reported total revenues of RMB21,793.9 million (approximately US $3,061.4 million), marking a 16.7% increase compared to the same period last year and a 14.7% rise from the previous quarter. Vehicle deliveries for the quarter reached 87,071 units, reflecting a significant year-over-year increase of 40.8% and a 20.8% rise from the second quarter of 2025.
The growth in deliveries consisted of strong performances from NIO’s brands, with 36,928 vehicles delivered under the NIO brand, 37,656 from the ONVO brand, and 12,487 from FIREFLY. This delivery milestone contributes to NIO’s cumulative total of 913,182 vehicles delivered thus far this year.
Financially, vehicle sales alone generated RMB19,202.3 million (US $2,697.3 million), a 15.0% increase from Q3 2024 and a 19.0% increase from Q2 2025. NIO’s vehicle margin improved to 14.7%, up from 13.1% a year prior, indicating heightened profitability driven by cost reductions and optimized operations.
The company’s gross profit reached RMB3,024.6 million (US $424.9 million), marking a substantial increase of 50.7% year-over-year and a 59.4% increase from the second quarter. Despite reporting a loss from operations of RMB3,521.5 million (US $494.7 million), this represents a considerable reduction of 32.8% from the same quarter in 2024, showcasing NIO’s path towards improved operational efficiency.
Net loss for the quarter stood at RMB3,480.5 million (US $488.9 million), which is also a marked decrease from 2024 levels. Moreover, the company demonstrated a solid cash position with RMB36.7 billion (US $5.1 billion) on hand as of September 30, 2025.
In response to these results, CEO William Bin Li expressed optimism regarding future deliveries, projecting between 120,000 and 125,000 vehicle deliveries for the fourth quarter of 2025. He attributed the quarter’s positive developments to the strength of NIO’s diverse brand offerings and advancing competitiveness in the smart electric vehicle market. CFO Stanley Yu Qu emphasized the success of operational improvements and higher-margin vehicle deliveries contributing to enhanced gross margins.
NIO’s commitment to continuous innovation and user satisfaction remains evident as it navigates through the competitive landscape of the electric vehicle market. With strategic initiatives in place and a resilient business model, NIO is poised for ongoing growth as it explores new opportunities in the coming quarters.