NIO
蔚来Premium EV maker with NIO, ONVO and Firefly brands; Q2 2026 revenue rose 69% to ¥32.1bn on 107,658 deliveries, and its vehicle margin reached 18.5%.
- DeliveriesQ2 2026
- 107,658up 49.4%
- RevenueQ2 2026
- ¥32.14bnup 69.1%
- Vehicle marginQ2 2026
- 18.5%up from 10.3%
Overview
Business
NIO (蔚来) sells premium electric cars under the NIO brand, an ONVO brand and a small-car brand called Firefly (Q2 2026 results, Form 6-K Exhibit 99.1).
Results
In the second quarter of 2026 NIO delivered 107,658 vehicles, up 49.4%: 60,945 NIO, 29,124 ONVO and 17,589 Firefly. Revenue rose 69.1% to ¥32.14bn. The vehicle margin was 18.5%, up from 10.3% a year earlier, and the gross margin 18.4%, up from 10.0%. The net loss narrowed to ¥528.0m from ¥4.99bn, and adjusted net profit was ¥26.1m, against an adjusted loss of ¥4.13bn a year before. Cash, restricted cash and deposits were ¥56.7bn (Financial Highlights). It guides to 108,000 to 111,000 deliveries in the third quarter (Business Outlook).
Where it stands
NIO's results are a recovery from a loss rather than a profit: it is at about break-even on an adjusted basis. The company says ONVO leads its price segment and that Firefly has ranked first in its segment in China for 15 months, which are its own claims (CEO and CFO Comments).
Key metrics
| Metric | Period | Value |
|---|---|---|
| DeliveriesQ2 2026 results, Operating Highlights | Q2 2026 | 107,658up 49.4% |
| RevenueQ2 2026 results, Financial Highlights | Q2 2026 | ¥32.14bnup 69.1% |
| Vehicle marginQ2 2026 results, Financial Highlights | Q2 2026 | 18.5%up from 10.3% |
| Net lossQ2 2026 results, Financial Highlights | Q2 2026 | ¥528.0mdown from ¥4.99bn |