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Nio's shares inch up after Chinese EV startup logs slight earnings growth in second quarter 2025-09-03
Nio’s shares advanced after the Chinese new energy vehicle startup’s earnings grew in the second quarter, driven by strong deliveries.Nio was trading up 0.9 percent at HKD51.50 (USD6.60) as of lunch break in Hong Kong today. Its New York-listed stock rose 3.3 percent to USD6.58 yesterday.
Net loss shrank 1 percent to CNY5 billion (USD697.2 million) in the three months ended June 30 from a year earlier, the Shanghai-based company’s latest financial statement showed yesterday. Revenue increased 9 percent to CNY19 billion (USD2.7 billion).
Nio’s gross margin improved to 10 percent in the second quarter from 9.7 percent in the same period last year and 7.6 percent in the first quarter. However, it remained the lowest among other NEV firms in China. Seres Group and Xiaomi Auto had the industry’s highest gross margins of 29.5 percent and 25.6 percent, respectively, in the period.
Deliveries totaled 72,056 units in the second quarter, up 26 percent from the same period last year and 71 percent from the first quarter. Vehicle sales rose to CNY16.1 billion, up 2.9 percent and 62 percent, respectively.
“The strong market reception of the Onvo L90 and the Nio All-New ES8 has reinforced our overall sales momentum,” said William Li, founder, chairman, and chief executive officer of Nio.
“Driven by this strong demand, we anticipate total deliveries in the third quarter to range between 87,000 and 91,000, representing a year-on-year growth of 40.7 percent to 47.1 percent and setting a new company record,” Li added.
Nio aims to achieve average monthly deliveries of 50,000 units in the fourth quarter, Li noted. For the third quarter, the company expects its revenue to rise 17 percent to 23 percent to between CNY21.8 billion and CNY22.9 billion from a year earlier.
Nio’s target is to improve its vehicle margin to 16 percent to 17 percent in the fourth quarter, supported by full-quarter deliveries of the Onvo L90 and the Nio All-New ES8, Chief Financial Officer Stanley Qu said during the earnings call. This will help Nio break even in the quarter, he added.
Source: Yicai Global
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