Chinese EV maker Nio forecasts surge in deliveries after first quarterly profit
The company’s turnaround highlights resilience in China’s EV market, defying a slowdown that has weighed on most domestic rivals
Nio, ranked the 15th bestselling Chinese EV maker last year, set a delivery guidance of 80,000 to 83,000 vehicles for the first quarter of 2026, representing a year-on-year surge of between 90 per cent and 97 per cent.
“Our in-house core smart EV technologies continued to reach mass production and deployment, enhancing product competitiveness while delivering meaningful cost efficiencies,” said William Li Bin, founder, chairman and CEO of Nio, in an exchange filing on Tuesday night.
A series of new promotions in March for both its Nio and Onvo brands and a significant reduction in customer waiting times were expected to help boost deliveries in March, Deutsche Bank analyst Wang Bin said in a note.
The company also projected revenue for the January quarter to be between 24.5 billion yuan (US$3.6 billion) and 25.2 billion yuan, an increase of between 103 per cent and 109 per cent from a year earlier.