TLDR
- NIO’s stock surges 3% after strong Q3 earnings and delivery growth.
- NIO sees 40% delivery growth, boosting stock by 3% in Q3 2025.
- NIO stock jumped 3% on record deliveries and improved profit margins.
- NIO reports impressive earnings, driving a 3% surge in stock price.
- NIO’s strong Q3 performance lifts stock by 3%, fueled by record deliveries.
NIO Inc. (NIO) saw its stock rise by 3.04%, closing at 46.82 on November 25, 2025.
The increase followed the release of its strong financial results for the third quarter of 2025. NIO delivered impressive growth in vehicle deliveries, exceeding 87,000 units, and reported a rise in revenue and profit margins.
Third-Quarter Deliveries and Revenue Growth
NIO’s vehicle deliveries in Q3 2025 totaled 87,071 units, marking a 40.8% increase from the same quarter last year. This growth was driven by the company’s premium NIO brand, its family-oriented ONVO brand, and its FIREFLY brand. The total revenue for the quarter reached RMB21.79 billion (approximately US$3.06 billion), up 16.7% from the previous year.
The company also reported a significant improvement in vehicle sales, which rose by 15% compared to Q3 2024. NIO’s vehicle margin reached 14.7%, an increase from 13.1% a year earlier. This growth in margin indicates that NIO’s cost optimization efforts and higher-margin vehicles contributed positively to its financial performance.
Cost Efficiency and Profit Margins
The company’s gross profit in Q3 2025 was RMB3.02 billion, up 50.7% year-over-year. Gross margin also saw a notable increase to 13.9%, compared to 10.7% in the same period last year. This was due to cost reductions and improved efficiency, particularly in vehicle production, which helped offset the rise in material costs.
NIO’s operating losses decreased by 28.3% from the previous quarter, totaling RMB3.52 billion. Despite the reduction in losses, the company still faces challenges due to high operational costs. NIO managed to lower its non-GAAP operating losses by 31.3%, demonstrating progress in managing its expenses.
Strong Financial Position Amid Continued Losses
NIO’s balance sheet remains strong with RMB36.7 billion in cash and equivalents as of September 30, 2025. The company completed a successful US$1.16 billion equity offering in September, strengthening its liquidity position. NIO acknowledged that its current liabilities exceed its current assets, reflecting ongoing liquidity concerns despite the recent funding.
The company’s continued investment in its EV production and infrastructure remains essential for maintaining growth. NIO’s management plans to expand deliveries further in Q4 2025, setting a target of 120,000 to 125,000 units. This goal reflects a 65% to 72% year-over-year increase, which would set a new record for the company.
NIO’s stock surge is backed by solid delivery growth and improving financial metrics. The company’s efforts to enhance vehicle margins and reduce costs are contributing to a more sustainable business model. NIO’s future performance will depend on maintaining operational efficiency, expanding deliveries, and managing its capital effectively.
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