Overview

• Nio will enter Belgium, Luxembourg, Austria, Hungary, the Czech Republic, Poland and Romania by the end of 2026 through partnerships with Hedin Mobility Group and AutoWallis.
• The company reported Q1 automotive revenue of $1.37 billion, up 18.6% year-on-year, and gross profit of $126.7 million, an 88% increase from a year earlier.
• Nio expects Q2 deliveries of 72,000–75,000 vehicles, a 25.5%–30.7% increase year-over-year, and Deutsche Bank forecasts a 22% jump in June shipments to push the quarter to a record high.
• Its Firefly sub-brand began deliveries in late April, and the Onvo brand delivered 14,781 vehicles in Q1 and aims for monthly volumes of 25,000 units in Q4 2025 with the launch of L80 and L90 models.
• The automaker plans to reach profitability in Q4 2025 by driving sales growth, improving vehicle margins and enforcing tighter cost controls across R&D, supply chain and its BaaS operations.