Nio Inc, a Chinese battery electric vehicle (BEV) manufacturer, is on track to achieve profitability in the fourth quarter of 2025. The company has seen a significant increase in sales in the first half of the year, with a 31% rise in sales to 114,150 units. Deliveries in the second quarter also saw a 26% year-on-year increase to 72,056 units, despite facing tough competition in the domestic market. The launch of the Firefly compact entry-level model earlier in the year has contributed to this growth.
Founder and CEO of Nio, William Li, expressed confidence in reaching their profitability target, highlighting the improved execution by teams, a better product mix, and a more efficient cost structure. The company is set to launch three new models in the second half of 2025, with the L90 aiming to redefine the family SUV segment with its spacious design.
In terms of global market expansion, Nio is shifting away from a direct-sales model and instead focusing on partnerships with local partners for overseas market development. Li emphasized the importance of establishing deep local roots for successful globalisation in the automotive industry.
As Nio continues to innovate and expand its product lineup, the company is poised for further growth and success in the electric vehicle market. Stay tuned for more updates on Nio’s advancements in the coming months.
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