Nio expects monthly deliveries to average more than 40,000 in the fourth quarter, CEO William Li said during the company’s second-quarter earnings call on the evening of September 1. It also continues to target annual sales growth of 40–50% over the medium to long term.
Nio, which trades in Hong Kong and the US, released its 2026 interim results the same day. Second-quarter deliveries reached 107,658 vehicles, up 49.4% year-on-year (YoY) and 29% from the previous quarter. The Nio brand accounted for 60,945 deliveries, Onvo for 29,124, and Firefly for 17,589.
Higher sales across all three brands and a larger share of higher-end models helped lift second-quarter revenue to RMB 32.137 billion (USD 4.8 billion), up 69.1% YoY and 25.9% from the previous quarter. Vehicle sales revenue rose 80.1% YoY to RMB 29.058 billion (USD 4.3 billion).
Second-quarter gross profit rose 211.3% YoY to RMB 5.907 billion (USD 878 million). Gross margin increased to 18.4% from 10% a year earlier, while vehicle margin rose to 18.5% from 10.3%.
On a non-GAAP basis, Nio reported adjusted operating profit of RMB 207 million (USD 30.8 million) and adjusted net profit of RMB 26.1 million (USD 3.9 million) for the quarter. This was its third consecutive quarter of non-GAAP operating profit, following the fourth quarter of 2025 and the first quarter of 2026.
