NIO's first quarter revenue was 12.03 billion yuan

On June 3, NIO released its first quarter financial report for 2025, showing that its delivery volume was 42,094 vehicles, a year-on-year increase of more than 40%; revenue was 12.03 billion yuan, a year-on-year increase of more than 21%; and the gross profit margin of the whole vehicle was 10.2%. NIO set its delivery guidance for the second quarter at 72,000-75,000 vehicles, showing confidence in the company's prospects. NIO plans to achieve a monthly sales volume of more than 50,000 vehicles for the three brands, while keeping the gross profit margin at 17% to 18%, the sales and management expense rate at around 10%, and the R&D expense rate at 6% to 7%.