Chinese battery electric vehicle (BEV) manufacturer Nio Inc expects to become profitable in the fourth quarter of 2025, after its sales continued to gain momentum in the first half of 2025.
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The US Nasdaq-listed automaker reported a 31% increase in first-half sales to 114,150 units, with deliveries in the second quarter rising by 26% year-on-year to 72,056 units, despite a fierce price war in its home market. In the first quarter of the year deliveries surged by 40% year-on-year to 42,094 units – helped by the launch of the Firefly compact entry-level model earlier this year.
Nio’s founder and CEO, William Li, told reporters: “We delivered 24,925 vehicles in June, and the momentum is clearly building. We are confident about hitting our fourth-quarter profitability target. The teams are executing better, the product mix is improving, and the cost structure is getting more efficient.”
The company’s CEO confirmed that Nio is preparing to launch three new models in the second half of 2025, including the L90, which he said will aim to “redefine the family SUV segment” with its spacious design.
Mr Li said that after operating its own stores and swap stations in Europe, the company is now looking to move away from a direct-sales model in global markets and instead work closely with local partners for overseas market development. “We realised that globalisation in this industry can’t be rushed. It needs deep local roots. That is why we’re changing our approach — Nio provides the products and service systems, and our partners will handle the market execution,” he added.
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By GlobalData
