NIO (NYSE:NIO), a pioneer in China’s premium smart electric vehicle market, reported strong financial results for the fourth quarter of 2025, marked by a decisive shift toward profitability.
The company delivered 124,807 vehicles during the quarter, contributing to total quarterly revenues of RMB34,650.2 million (US$4,954.9 million).
The surge in volume allowed the automaker to achieve a quarterly adjusted operating profit (non-GAAP) of RMB1,251.3 million.
More notably, NIO posted an adjusted net profit (non-GAAP) of RMB726.8 million, signaling that the company’s long-term investments in battery-swapping technology and high-end vehicle platforms are beginning to yield operational leverage.
For the full year 2025, NIO reached a total delivery milestone of 326,028 vehicles, representing a significant year-over-year expansion.
Total annual revenues climbed to RMB87,487.5 million.
The company’s balance sheet remained robust, with cash and cash-equivalent balances totaling RMB45.9 billion as of December 31, 2025, providing a substantial capital cushion as the brand prepares for further international expansion and the rollout of its lower-priced sub-brands.