Nio Forecasts First-Ever Quarterly Profit on Record Deliveries
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The NIO flagship store on the ground floor of Shanghai Tower in Lujiazui, Pudong, Shanghai. Photo: VCG
Chinese electric-car maker Nio Inc. has forecast its first profitable quarter, projecting that it will end a long-running losing streak in the final three months of 2025 on the back of record sales.
In an earnings preview released late Thursday, Nio said it expects to post a GAAP operating profit of between $29 million and $100 million for the fourth quarter of 2025. On an adjusted non-GAAP basis, which excludes share-based compensation expenses, operating profit is projected to be between $100 million and $172 million.
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- Nio forecasts its first profitable quarter in Q4 2025, with GAAP operating profit projected at $29–$100 million.
- Q4 2025 vehicle deliveries hit a record 124,800 units, up 71.7% year-on-year; full-year deliveries reached 326,000.
- Nio credits its turnaround to multibrand expansion, notably Onvo and Firefly launches, and ongoing cost-cutting efforts.
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Who’s Who
- Nio Inc.
- Nio Inc., a Chinese electric car manufacturer, projects its first profitable quarter in Q4 2025, anticipating GAAP operating profits of $29 million to $100 million. This turnaround is driven by record quarterly deliveries of 124,800 vehicles, a 71.7% year-on-year increase. The company's multi-brand strategy, including Onvo and Firefly, and cost-control measures are attributed to this success.
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What Happened When
- Late Q3 2024：
- Nio launched sales of its mass-market brand, Onvo.
- Late April 2025：
- Nio launched sales of its third brand, Firefly.
- Q1 2025：
- Nio's net loss totaled 6.4 billion yuan.
- Q2 2025：
- Nio's net loss totaled 4.9 billion yuan.
- Q3 2025：
- Nio's net loss totaled 3.5 billion yuan.
- Q4 2025：
- Nio expects to post its first profitable quarter, forecasting a GAAP operating profit between $29 million and $100 million.
- Q4 2025：
- Nio delivered a quarterly high of 124,800 vehicles, including 67,433 Nio-branded, 38,290 Onvo, and 19,084 Firefly vehicles.
- By end of 2025：
- Nio's full-year deliveries rose nearly 47% to 326,000 vehicles.
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