NIO Strengthens Position with Improved Q3 Performance and Bullish 2025 Guidance

NIO Inc. (NIO, NIO.SI, 9866.HK), the smart vehicle manufacturer, has delivered a stronger-than-expected quarterly showing with substantially reduced operational pressures heading into 2025. The company’s financial trajectory demonstrates meaningful progress in its path toward profitability.

Q3 Results Paint Picture of Operational Efficiency

The automaker’s third-quarter performance marked a significant turning point. The net loss attributable to ordinary shareholders contracted to RMB 3.66 billion from RMB 5.14 billion in the same period last year—a 28.8% improvement. On a per-share basis, losses tightened to RMB 1.51 versus RMB 2.50 previously.

More notably, adjusted operating losses fell to RMB 2.78 billion, representing a substantial 39.5% decline year-over-year. Adjusted net loss similarly compressed to RMB 2.74 billion, down 38% from RMB 4.41 billion. These figures underscore NIO’s progress in controlling expenses while scaling operations.

Revenue and Sales Growth Accelerate

Revenue generation proved particularly robust. Total revenues reached RMB 21.79 billion, up from RMB 18.67 billion in Q3 2024. Vehicle sales specifically climbed to RMB 19.20 billion from RMB 16.70 billion, indicating strong market demand and improved unit economics across the portfolio.

Looking Ahead: Q4 2025 Raises the Bar

NIO’s forward guidance suggests accelerating momentum. For the fourth quarter of 2025, the company projects vehicle deliveries between 120,000 and 125,000 units, representing growth of 65.1% to 72% compared to Q4 2024. This delivery target reflects management confidence in sustained consumer demand.

Revenue expectations for Q4 2025 are projected between RMB 32.76 billion and RMB 34.04 billion (approximately $4.60 billion to $4.79 billion)—a 66.3% to 72.8% increase year-over-year. These figures signal NIO’s ability to drive top-line expansion while managing the net loss reduction that remains central to the company’s financial strategy.

Market Reception

In pre-market trading, NIO shares declined modestly by 1.22%, or $0.07, to $5.68 on the New York Stock Exchange, suggesting investors may be digesting the guidance ahead of broader market movements.