Nio, a Chinese electric vehicle maker (NYSE: NIO), reported 37,705 deliveries in May 2025, representing a 62.3% year-over-year increase and a significant rise from April’s 29,356 deliveries, which had grown 22.8% year-over-year. Despite the overall sluggishness in China’s auto market, Nio has seen strong sales growth, bolstered by its new vehicle lineup that includes budget models such as the Onvo L80 SUV priced at approximately 245,800 renminbi ($36,000).
While Nio’s revenue growth accelerated to 122% year-over-year in the first quarter of 2025, consistent profitability has remained elusive. After reporting a small profit of $17.1 million in Q4 2024, the company returned to a net loss of $71.8 million in Q1 2025. Nio’s margins improved to 18.8% in Q1 2025 from 10.2% in 2024, indicating some advancement despite ongoing challenges in converting revenue into profit.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
