Nio Q1 Revenue and Deliveries Up
Nio (NYSE:NIO) reported fiscal 2025 first-quarter earnings on June 3, 2025, delivering 42,094 vehicles in the first quarter, up 4.1% year over year and total revenue (GAAP) of RMB 12 billion, up 21.5% year over year and down 38.9% quarter over quarter. Vehicle gross margin (GAAP) reached 10.2%, and management reaffirmed its delivery guidance of 72,000–75,000 units for the second quarter, with targets for breakeven and double-digit gross margin in Q4 2025. Key developments include accelerated cost controls, strategic new model launches, and a disciplined transition to an inventory-based sales model under competitive industry dynamics.Nio's organization now manages three brands -- Nio, Onvo (referred to as "Amo/Ambu"), and Firefly -- with distinct product launches in Q2 and further major additions slated for Q3. Cost control measures have been implemented through cross-brand resource integration, logistics, and R&D streamlining, directly reducing operating expenditure targets.Execution on sharply lowered R&D and SG&A targets strengthens the path to breakeven, improves cash flow prospects, and enhances flexibility for continued product innovation while defending market share across divergent customer tiers.Continue reading
Nio (NYSE:NIO) reported fiscal 2025 first-quarter earnings on June 3, 2025, delivering 42,094 vehicles in the first quarter, up 4.1% year over year and total revenue (GAAP) of RMB 12 billion, up 21.5% year over year and down 38.9% quarter over quarter. Vehicle gross margin (GAAP) reached 10.2%, and management reaffirmed its delivery guidance of 72,000–75,000 units for the second quarter, with targets for breakeven and double-digit gross margin in Q4 2025. Key developments include accelerated cost controls, strategic new model launches, and a disciplined transition to an inventory-based sales model under competitive industry dynamics.
Nio's organization now manages three brands -- Nio, Onvo (referred to as "Amo/Ambu"), and Firefly -- with distinct product launches in Q2 and further major additions slated for Q3. Cost control measures have been implemented through cross-brand resource integration, logistics, and R&D streamlining, directly reducing operating expenditure targets.
Execution on sharply lowered R&D and SG&A targets strengthens the path to breakeven, improves cash flow prospects, and enhances flexibility for continued product innovation while defending market share across divergent customer tiers.
