NIO Inc. (NYSE: NIO) Q1 2025 Earnings Call | 5/29/2025

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NIO Inc. (NYSE: NIO) reported Q1 2025 results on May 29, 2025, showing strong year-over-year growth in vehicle deliveries but a widening net loss as expenses surged. The company delivered 42,094 vehicles in the quarter—a 40.1% increase from Q1 2024—driven by both its premium NIO brand (27,313 units) and the family-focused ONVO brand (14,781 units). However, deliveries fell sharply from Q4 2024’s record 72,689 units, reflecting seasonality and product transitions. Total revenue rose 21.5% year-over-year to RMB 12.03 billion (US$1.66 billion), but missed analyst expectations and dropped 38.9% sequentially. Vehicle sales accounted for RMB 9.94 billion (US$1.37 billion), up 18.6% year-over-year but down 43.1% quarter-over-quarter. Gross profit nearly doubled to RMB 919.6 million (US$126.7 million), with gross margin improving to 7.6% from 4.9% a year ago, though still below Q4’s 11.7%. NIO’s net loss widened 30.2% year-over-year to RMB 6.75 billion (US$930 million), though improved 5.1% from the previous quarter. The loss was driven by higher R&D and marketing expenses, as well as operating cash outflows that left current liabilities exceeding current assets. Vehicle margin improved to 10.2% from 9.2% last year, but slipped from 13.1% in Q4 2024. As of March 31, 2025, NIO held RMB 26.0 billion (US$3.6 billion) in cash and equivalents, but at the current burn rate, its cash runway is under pressure. For Q2 2025, NIO expects a sharp rebound, guiding for 72,000–75,000 vehicle deliveries and revenue of RMB 19.5–20.1 billion (US$2.69–2.77 billion), representing up to 15% year-over-year growth. Management remains focused on scaling both brands, launching new models, and improving operational efficiency, but faces ongoing challenges from rising costs and a competitive Chinese EV market. About Inside Ticker: For more expert analysis and real-time updates on NIO Inc. (NYSE: NIO) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #NIO #EarningsCall #Q12025 #EV #ElectricVehicles #ChinaAuto #StockMarket #Investing #InsideTicker