NIO's losses remain severe, with a net loss of 3.48 billion yuan in the third quarter.

Despite achieving record revenue in the third quarter of 2025, NIO's losses remained significant, with a net loss of 3.48 billion yuan for the quarter. However, NIO's losses have narrowed somewhat, decreasing by 31.2% year-over-year and 30.3% quarter-over-quarter. In its Q3 2025 financial report, NIO provided delivery guidance for the fourth quarter, projecting deliveries between 120,000 and 125,000 vehicles.