Nio Posts $4.95B Q4 Revenue, Eyes 5nm Chip, Reaches 100M Swaps
Nio reported fourth-quarter revenue of $4.95 billion, up 75.9% year-over-year, with 124,807 vehicle deliveries, a 71.7% increase. CEO William Li highlighted GeniTech’s funding to develop a 5nm automotive-grade chip for Smart Driving and noted its 3,815 battery-swap stations reached 100 million cumulative swaps.
1. Q4 Financial Results
Nio reported Q4 revenue of $4.95 billion, a 75.9% year-over-year increase, with adjusted earnings of RMB 0.29 per ADS compared to a loss of RMB 3.17 last year. Vehicle deliveries rose 71.7% to 124,807 units, driving an 80.9% surge in vehicle revenue.
2. In-House Chip Development
CEO William Li highlighted Nio subsidiary GeniTech’s latest funding round fueling the development of an automotive-grade 5nm chip for Smart Driving. The chip promises cost efficiencies, inference capabilities for autonomous driving and embodied AI, and has attracted strong industry interest.
3. Battery Swap Network
The battery swap network expanded to over 3,815 stations, reaching 100 million cumulative swaps on February 6. Management views the swap infrastructure as a unique competitive advantage that enhances user experience and differentiation against fast-charging rivals.
4. NWM and ADAS Enhancements
Nio unveiled an updated World Model (NWM) designed to improve Navigate on Pilot’s performance within its ADAS suite. This enhancement forms part of broader investments in twelve full-stack smart EV technology domains to advance autonomous and smart driving features.