NIO - SW 2025 total revenue of 87.488 billion yuan, a year-over-year increase of 33.1%

K-LinePoet · 2026-03-21T02:40:51+00:00

NIO-SW released its 2025 financial report, with revenue of 874.875 billion yuan, a year-over-year increase of 33.1%; gross profit of 119.157 billion yuan, an increase of 83.5%. The fourth quarter revenue was 346.502 billion yuan, gross profit was 60.741 billion yuan, and deliveries totaled 124,807 vehicles. All brands performed well in the market, and the company will continue investing in core technologies, launching new models, and optimizing its service network.

K-LinePoet

2026-03-21 02:40:51

Abstract generation in progress

Gelonghui, March 10 — NIO Inc. (09866.HK) announced that the total revenue for 2025 will be RMB 87.4875 billion (USD 12.5105 billion), a 33.1% increase from the previous year. The full-year gross profit for 2025 is RMB 11.9157 billion (USD 1.7039 billion), up 83.5% year-over-year. The gross profit margin for 2025 is 13.6%, compared to 9.9% in the previous year. The total vehicle sales revenue for 2025 is RMB 76.8839 billion (USD 10.9942 billion), a 32.0% increase from the previous year. The automotive gross profit margin for 2025 is 14.6%, up from 12.3% in the previous year.

In Q4 2025, total revenue reached RMB 34.6502 billion (USD 4.9549 billion), a 75.9% increase from Q4 2024 and a 59.0% increase from Q3 2025. The gross profit for Q4 2025 was RMB 6.0741 billion (USD 868.6 million), up 163.1% from Q4 2024 and 100.8% from Q3 2025. The gross profit margin for Q4 2025 was 17.5%, compared to 11.7% in Q4 2024 and 13.9% in Q3 2025.

In Q4 2025, vehicle deliveries totaled 124,807 units, a 71.7% increase from Q4 2024 and a 43.3% increase from Q3 2025. Deliveries included 67,433 units of the company’s high-end smart electric vehicles under the NIO brand, 38,290 units of family smart electric vehicles under the Leado brand, and 19,084 units of the Firefly brand’s high-end smart electric compact cars.

In 2025, the comprehensive competitiveness of the three major brands’ products was highly recognized in their respective market segments. The delivery performance of the all-new NIO ES8 continued to be strong, setting a monthly delivery record for models priced above RMB 400,000. The Leado L90 also performed excellently, becoming the 2025 sales champion among large pure electric SUVs. The Firefly brand maintained its leading position in the high-end small car market since its launch. Meanwhile, the company’s self-developed core technologies for smart electric vehicles have gradually achieved mass production, enhancing product competitiveness and significantly reducing costs through technological advancements. In 2026, the company will resolutely and continuously invest in twelve core technology stacks, launch new models, improve the energy commercial operation capabilities of charging and swapping networks, and further optimize and upgrade the sales and service network.

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