Nio reports higher revenue and narrower losses in FY26 Q2
Nio posted Q2 total revenues of RMB 32.14 billion, up 69.1% year over year, on 107,658 vehicle deliveries, up 49.4%.
Operating loss narrowed to RMB 347.2 million from RMB 4.91 billion a year earlier; net loss improved to RMB 528 million from RMB 4.99 billion.
Gross margin rose 8.4 percentage points to 18.4%; vehicle margin climbed 8.2 percentage points to 18.5%.
Vehicle sales jumped to RMB 29.06 billion, up 80.1% year over year; cash and equivalents plus restricted cash, investments and deposits totaled RMB 56.7 billion.
Guided Q3 deliveries at 108,000-111,000, up 24% to 27.5% year over year; forecast total revenues of RMB 33.29-34.05 billion.
NIO•
