Overview
- Nio reported third-quarter revenue of 21.79 billion yuan and a narrower net loss of 3.66 billion yuan, with vehicle margin improving to 14.7%.
- The company trimmed fourth-quarter delivery guidance to 120,000–125,000 units after a record 40,397 deliveries in October, marking a second consecutive cut.
- CEO William Li said he remains confident Nio can achieve a break-even quarter in Q4 despite the lower sales outlook.
- Group average selling price fell 18% year over year to $30,978 as Onvo and Firefly accounted for a larger share of deliveries.
- Firefly introduced inventory-limited discounts in Norway (17.9%) and a €5,000 promotion in the Netherlands and launched in Portugal, while right-hand-drive shipments began to Singapore with entries into Thailand and the UK planned for 2026.