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Investing.com -- Nio (NYSE:NIO) (HK:9866) topped earnings expectations in the second quarter, posting a narrower loss than analysts had forecast.
Nio shares rose more than 1% in premarket trading following the release.
The Chinese electric vehicle maker reported a loss of RMB1.85 per share, beating estimates of a RMB2.25 loss. Revenue came in at RMB19.01 billion, below the RMB19.78 billion consensus.
Vehicle deliveries totaled 72,056 for the quarter, up 25.6% from a year earlier and 71.2% from the prior quarter.
Vehicle margin stood at 10.3%, compared with 12.2% a year ago and 10.2% in the first quarter of 2025. Gross margin improved to 10.0%, versus 9.7% in the same period last year and 7.6% in the previous quarter.
“The strong market reception of ONVO L90 and NIO All-New ES8 has reinforced our overall sales momentum," William Bin Li, founder, chairman and chief executive officer of NIO.
“Starting from the second quarter, our comprehensive cost reduction and efficiency improvement initiatives have started to yield results. Excluding organizational optimization charges, our non-GAAP operating loss improved by over 30% sequentially,” added Stanley Yu Qu, NIO’s CFO.
For the third quarter, NIO expects revenue of RMB21.81 billion to RMB22.88 billion ($3.05–3.19 billion), an increase of roughly 17% to 23% year-on-year.
Vehicle deliveries are projected at 87,000 to 91,000, representing growth of about 41% to 47% from the same quarter of 2024.