NIO expects to double its deliveries to 450,000 vehicles by 2025

Deutsche Bank predicts that NIO's full-year deliveries in 2025 will double year-on-year to around 450,000 vehicles. This forecast is consistent with the 2025 sales guidance provided by NIO in its third-quarter 2023 financial report. The Ledao sub-brand performed well: in 2024, the main NIO brand delivered 201,209 vehicles and the Ledao sub-brand delivered 20,761 vehicles. Analysts expect Ledao brand deliveries to reach 220,000 vehicles in 2025, of which the first model L60 will contribute 180,000 vehicles.