On November 25th, NIO released its financial report for the third quarter of 2025, with strong performances across multiple core metrics. During the quarter, NIO delivered 87,071 vehicles, representing a year-on-year increase of 40.8% and a quarter-on-quarter increase of 20.8%. Its revenue reached 21.79 billion yuan, up 16.7% year-on-year and 14.7% quarter-on-quarter, both setting historical records.

In this quarter, NIO's overall gross profit margin rose to 13.9%, and the gross profit margin of vehicles reached 14.7%, both hitting the highest levels in nearly three years, indicating a significant improvement in profitability. The company's cash reserves increased to 36.7 billion yuan, a quarter-on-quarter growth of nearly 10 billion yuan. It achieved positive operating cash flow and free cash flow, and the delivery and revenue guidance for the fourth quarter are both targeted at new historical highs.