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Investing.com -- Shares in Nio jumped more than 4% in premarket trading Tuesday after the Chinese automaker reported third-quarter results that showed stronger profitability and solid delivery momentum, while revenue came in slightly below expectations.
The company posted a Q3 loss of RMB1.14 per share, narrower than analysts’ forecast for a RMB1.59 loss. Revenue reached RMB21.79 billion, compared with the consensus estimate of RMB22.3 billion.
Deliveries rose to 87,071 units, up 40.8% from a year earlier and 20.8% from the previous quarter. Vehicle sales climbed to RMB19.20 billion, an increase of 15% year on year and 19% quarter on quarter.
Vehicle margin increased to 14.7%, compared with 13.1% a year ago and 10.3% in the second quarter. Gross margin also strengthened, reaching 13.9% versus 10.7% a year earlier and 10% in the prior quarter.
“In the third quarter of 2025, the Company delivered 87,071 smart electric vehicles, representing a year-over-year increase of 40.8%. The strong momentum was driven by the all-around competitiveness of our NIO, ONVO, and FIREFLY brand offerings, which continue to resonate with users across their respective market segments,” said William Bin Li, CEO of NIO. “
For the fourth quarter, NIO expects revenue of RMB32.76 billion to RMB34 billion, below the consensus estimate of RMB34.7 billion.
The company forecasts deliveries of 120,000 to 125,000 vehicles, an increase of about 65.1% to 72% from the same period last year.