- NIO press release (NYSE:NIO): Q1 Non-GAAP EPS of -$0.41 misses by $0.04.
- Revenue of $1.66B (+21.5% Y/Y) misses by $70M.
- Vehicle deliveries were 42,094 in the first quarter of 2025, consisting of 27,313 vehicles from the Company’s premium smart electric vehicle brand NIO and 14,781 vehicles from the Company’s family-oriented smart electric vehicle brand ONVO, representing an increase of 40.1% from the first quarter of 2024, and a decrease of 42.1% from the fourth quarter of 2024.
- The Company delivered 23,900 vehicles in April 2025 and 23,231 vehicles in May 2025. As of May 31, 2025, the Company had delivered 89,225 vehicles in 2025, with cumulative deliveries reaching 760,789.
- Vehicle sales were RMB9,939.3 million (US$1,369.7 million)i in the first quarter of 2025, representing an increase of 18.6% from the first quarter of 2024 and a decrease of 43.1% from the fourth quarter of 2024.
- Gross margin was 7.6% in the first quarter of 2025, compared with 4.9% in the first quarter of 2024 and 11.7% in the fourth quarter of 2024.
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Business OutlookFor the second quarter of 2025, the Company expects:
- Deliveries of vehicles to be between 72,000 and 75,000 vehicles, representing an increase of approximately 25.5% to an increase of approximately 30.7% from the same quarter of 2024.
- Total revenues to be between RMB19,513 million (US$2,689 million) and RMB20,068 million (US$2,765 million) vs. consensus of $2.78B, representing an increase of approximately 11.8% to an increase of approximately 15.0% from the same quarter of 2024.
NIO misses top-line and bottom-line estimates; initiates Q2 outlook
