Overview

• Nio reported a 15.2% increase in Q4 2024 revenue, reaching 19.7 billion yuan, but net losses widened to 7.11 billion yuan.
• Vehicle deliveries for 2024 rose 38.7% year-over-year to 221,970 units but fell short of the company’s goal to double deliveries.
• March 2025 delivery estimates of 13,945 to 15,945 vehicles are significantly below earlier targets, reflecting ongoing challenges for the Onvo sub-brand.
• The company plans to launch new EV models and refreshed versions across its Nio, Onvo, and Firefly brands starting in April 2025.
• Nio extended its partnership with CATL, securing a 2.5 billion yuan investment to expand its battery swap and charging infrastructure.