NIO Inc. Reports Unaudited First Quarter 2026 Financial Results

NIO Inc. announced its first quarter 2026 financial results, with total revenues reaching RMB 25,532.7 million (US$3,701.5 million), an increase of 112.2% year-over-year, but a decrease of 26.3% quarter-over-quarter. Vehicle deliveries were 83,465 units, up 98.3% year-over-year. The company reported a gross margin of 19.0% and a loss from operations of RMB 308.8 million. Adjusted profit from operations was RMB 66.8 million. Net loss was RMB 332.1 million, while adjusted net profit was RMB 43.5 million. NIO expects second-quarter deliveries between 110,000 and 115,000 vehicles, with total revenues projected to be between RMB 32,777 million and RMB 34,436 million.