NIO Reports 112% Revenue Growth in Q1 and Achieves Profitability for Two Consecutive Quarters

[Financial Performance] NIO reported Q1 2026 revenue of RMB 25.53 billion, an increase of 112.2% year-over-year, marking its second consecutive profitable quarter.

Key Metrics: Record Highs in Deliveries and Profit

Deliveries reached 83,465 vehicles, up 98.3% year-over-year; operating profit was RMB 668 million, with a blended gross margin of 19.0%, the highest in four years.

Strategic Foundation: Multi-Brand Synergy Driving Growth

The three brands—NIO, ONVO, and Firefly—span a price range from RMB 150,000 to RMB 650,000. April alone saw deliveries of 29,356 units, bringing cumulative deliveries past the 1.11 million milestone.

Industry Impact: Cash Reserves Grow to RMB 48.2 Billion

Net loss narrowed significantly to RMB 3.321 billion, and the company has maintained positive operating cash flow for three consecutive quarters, reshaping the competitive landscape among China’s EV leaders—NIO, XPeng, and Li Auto.