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SHANGHAI - NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a key player in the global smart electric vehicle market valued at $8.01 billion, has reported a significant increase in its vehicle deliveries for March and the first quarter of 2025. The company delivered 15,039 vehicles in March, marking a 26.7% rise compared to the same month last year. For the quarter ending March 2025, the deliveries totaled 42,094 vehicles, representing a 40.1% increase year-over-year. This growth contributes to the company’s broader revenue expansion of 18.18% over the last twelve months.
The March deliveries included 10,219 vehicles from NIO’s premium brand and 4,820 from its family-oriented brand ONVO. As of March 31, 2025, the company’s cumulative deliveries reached 713,658. According to InvestingPro analysis, while NIO maintains its position as a prominent player in the Automobiles industry, it operates with a modest 9.88% gross profit margin.
Highlighting the recent launch, NIO started deliveries of the NIO ET9, its smart electric executive flagship sedan, in late March. The company describes the ET9 as the epitome of its full-stack technologies and industry-leading innovations, setting a new benchmark for executive smart electric vehicles.
Founded in November 2014, NIO aims to shape a sustainable and brighter future with a focus on continuous technological breakthroughs. The company offers a range of smart electric vehicles under its NIO, ONVO, and FIREFLY brands, catering to different market segments.
The press release also contained forward-looking statements regarding the company’s strategies and future business development, emphasizing its commitment to innovation and customer satisfaction. However, these forward-looking statements involve inherent risks and uncertainties that could impact actual results.
This report is based on a press release statement from NIO Inc., and it reflects the company’s performance and strategic moves in the smart electric vehicle industry without speculation on future market trends or broader industry impacts.
In other recent news, NIO Inc. announced an upsized share placement totaling approximately HK$4.03 billion. The company has set the price for its offering of 136.8 million class A ordinary shares at HK$29.46 per share. This equity placement is targeted at non-U.S. persons in offshore transactions and is expected to close around April 7, 2025, pending customary closing conditions. The proceeds from this placement are intended for research and development in smart electric vehicle technologies and new products, as well as to strengthen NIO’s balance sheet and for general corporate purposes. Morgan Stanley Asia Limited, UBS AG Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited, and Deutsche Bank AG, Hong Kong Branch are serving as placing agents. The shares have not been registered under the Securities Act and will not be offered in the United States or to U.S. persons, except under an exemption. Additionally, the shares are not being offered to the public in Hong Kong or Singapore. This announcement highlights NIO’s ongoing efforts to support its growth and innovation in the electric vehicle market.
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