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NIO Builds Its One-Millionth Vehicle and Targets 40%–50% Growth in 2026

Management reports a sharp fourth-quarter gross-profit lift, with audited results still pending.

Overview

  • NIO marked the milestone at its Hefei F2 plant with a third-generation ES8, which it donated to the Micius Quantum Foundation to support quantum science experts.
  • The group delivered 326,028 vehicles in 2025, up 46.9% year over year, with a record 124,807 units in the fourth quarter across the NIO, ONVO and Firefly brands.
  • CEO William Li outlined a 2026 delivery goal that implies roughly 456,000 to 489,000 vehicles after strong momentum from the ONVO L90 and the new ES8.
  • Product highlights included 43,439 ONVO L90 deliveries within five months and a December record of 22,256 ES8 units for models priced above RMB 400,000.
  • NIO reported 3,737 battery-swap stations and more than 96 million swaps as of January 1 and cited plans to expand to 10,000 swap and 10,000 charging locations by 2030, with fifth‑generation swap stations starting in 2026.