NIO - SW (02319) announced second quarter results, with total revenue of 19.087 billion yuan, an increase of 9% year-on-year

According to the Zhitong Finance App, NIO - SW (02319) announced results for the second quarter of the three months ended June 30, 2025. The group achieved automobile sales of 16.136.1 billion yuan, up 2.9% year on year; total revenue of 19.087 billion yuan, up 9% year on year; net loss of 4.994.8 billion yuan, down 1% year on year.

“In the second quarter of 2025, we delivered 72,056 smart electric vehicles, up 25.6% year over year,” said Li Bin, founder, chairman and CEO of NIO. “The Ledao L90 and NIO's new ES8 received a warm response from the market, further consolidating our overall sales growth momentum. Benefiting from this strong demand, we expect total deliveries in the third quarter to reach 87,000 to 91,000 vehicles, an increase of 40.7% to 47.1% year over year, a record high for the company.”

“The Ledao L90 and NIO's new ES8 have been widely praised by users for their excellent product experience, reflecting our keen market insight and accurate product definition ability. With continuous technological innovation, long-term strategic advantages brought by charging and switching infrastructure, and multi-brand strategies covering a wider range of user groups, these models will redefine competition in the large three-seater SUV market and accelerate the transformation of the market into a new era dominated by pure electric vehicles.” Li Bin added.

“Beginning in the second quarter, our comprehensive cost reduction and efficiency measures have begun to bear fruit. Excluding organizational optimization costs, our non-GAAP operating losses narrowed by more than 30% month-on-month.” Qu Yu, chief financial officer of NIO, added. “We are entering a structural inflection point in finance, entering a virtuous cycle and continuing to improve our financial performance.”