NIO Inc. scores 57.9% QoQ surge in Q2 2025 revenue

Shanghai (Gasgoo)- On September 2, NIO Inc. released its financial results for the second quarter (Q2) of 2025, reporting revenue of 19.01 billion yuan. That figure marked a 9% year-on-year increase and a sharp 57.9% quarter-on-quarter gain, underscoring the company's strong recovery momentum.

The automaker delivered 72,056 vehicles during the quarter, up 25.6% from a year earlier and 71.2% from the previous quarter. Rising demand and greater supply chain efficiency helped drive the gains. In this period, NIO's overall gross margin rose to 10%, compared with 9.7% in Q2 2024 and 7.6% in Q1 2025. Its vehicle margin reached 10.3%.

Photo credit: NIO

The company continued to step up investment in R&D, spending 3.01 billion yuan in Q2 2025 as part of its long-term technology strategy. Cash reserves climbed to 27.2 billion yuan by the end of June, providing solid financial support for future product development and expansion.

Looking ahead, NIO issued upbeat guidance for the third quarter (Q3) this year. Vehicle deliveries are forecasted to reach between 87,000 units and 91,000 units, a 40.7% to 47.1% year-on-year surge, while revenue is expected to rise to 21.81 billion yuan to 22.88 billion yuan. Both figures would mark new records.

The projections are likely to boost investor confidence in NIO's full-year performance.

Overall, NIO's Q2 results exceeded market expectations. Stronger margins and rapid delivery growth have strengthened its position in China's fiercely competitive new energy vehicle (NEV) market.