Overview
- Nio reported Q3 revenue up 16.7% year over year with a net loss of 3.48 billion yuan and vehicle margin improving to 14.7% from 10.3% in Q2.
- The EV maker reduced its Q4 delivery guidance for a second straight quarter, putting its goal of achieving first-time quarterly profitability at risk.
- Firefly rolled out limited-time price reductions in Europe, including a 17.9% cut on about 85 cars in Norway and a €5,000 discount in the Netherlands through December 7.
- Nio expanded its European footprint by launching sales in Portugal through distributor JAP Group, while its first right-hand-drive exports shipped to Singapore with Thailand and the UK targeted for 2026.
- October deliveries hit a monthly record of 40,397 vehicles (+92.6% YoY) with Firefly accounting for 5,912 units, as Goldman Sachs raised its price target to $7 and a report on licensing Nio’s Shenji chip remains unconfirmed by the company.