NIO Inc. released unaudited results for the three months ended 30 June 2026, showing another strong acceleration in volumes and revenue while narrowing operating losses.

Revenue and Deliveries • Total revenue climbed 69.1% year-on-year (YoY) to RMB 32.14 billion (USD 4.74 billion) and was up 25.9% quarter-on-quarter (QoQ). • Vehicle sales contributed RMB 29.06 billion, an 80.1% YoY increase, supported by higher volumes and a richer product mix. • Deliveries reached 107,658 vehicles, up 49.4% YoY and 29.0% QoQ. Volume was split across NIO (60,945 units), ONVO (29,124) and FIREFLY (17,589).

Profitability Trends • Gross profit more than tripled YoY to RMB 5.91 billion, lifting gross margin to 18.4% versus 10.0% a year earlier. • Vehicle margin expanded to 18.5% from 10.3% YoY and was broadly stable against Q1 2026 (18.8%). • Loss from operations narrowed sharply to RMB 347.20 million from a RMB 4.91 billion loss in Q2 2025. Excluding share-based compensation, NIO achieved an adjusted operating profit of RMB 206.90 million. • Net loss was reduced to RMB 528.01 million; on a non-GAAP basis the company posted a slim net profit of RMB 26.06 million.

Balance Sheet Strength Cash, cash equivalents, restricted cash, short-term investments and long-term deposits totaled RMB 56.70 billion (USD 8.36 billion) at 30 June 2026, underpinning liquidity for ongoing expansion.

Operational Developments • Post-quarter deliveries remained robust with 35,934 units in July and 35,836 units in August, taking 2026 year-to-date volumes to 262,893 vehicles. • On 9 July 2026, NIO introduced the five-seat variant of the all-new ES8, targeting the premium large SUV segment. • Subsidiary GeniTech (Shenji) secured two funding rounds totaling RMB 493.00 million, valuing the business at RMB 12.25 billion. NIO will retain a 59.95% stake after completion.

Guidance for Q3 2026 Management projects deliveries between 108,000 and 111,000 vehicles, representing 24.0%–27.5% YoY growth. Corresponding revenue is expected in the range of RMB 33.29 billion–RMB 34.05 billion (USD 4.91 billion–USD 5.02 billion).

Governance Note NIO continues to operate under its weighted voting rights structure, with founder, Chairman and CEO William Bin Li maintaining 33.9% of total voting power through Class C shares.

Conference Call Management will discuss the results on 1 September 2026 at 08:00 U.S. Eastern Time (20:00 Beijing/Hong Kong/Singapore). Details are available on NIO’s investor relations website.