EV maker Nio posts 0.3% wider Q2 net loss of 5.1 billion yuan despite top-line growth

[SINGAPORE] Chinese electric vehicle (EV) maker Nio announced on Tuesday (Sep 2) that its net loss deepened by 0.3 per cent on the year to 5.1 billion yuan (S$928.4 million) for its second quarter ended Jun 30, 2025.

The wider loss came even as its revenue for the three months rose 9 per cent to 19 billion yuan and its vehicle sales increased 2.9 per cent to 16.1 billion yuan.

For the quarter, Nio delivered 72,056 smart EVs, a 25.6 per cent year on year increase.

William Bin Li, founder, chairman and chief executive officer of Nio, said that the “strong market reception” of Nio’s Onvo L90 and All-New ES8 reinforced the group’s sales momentum.

He expects Q3 deliveries to set a company record.

“Driven by this strong demand, we anticipate total deliveries in the third quarter to range between 87,000 and 91,000, representing a year-on-year growth of 40.7 per cent to 47.1 per cent,” he said.

Nio posted a loss per share of 2.3 yuan for the quarter, compared with 2.5 yuan Q2 2024

The company is listed in New York, Hong Kong and Singapore.

Shares of Nio ended on Tuesday 1.6 per cent or US$0.11 lower at US$6.63.