Nio forecasts rebound after soft Q1

Nio reported Q1 2025 revenue of RMB 12 billion, up 21.5% YoY, as deliveries rose 40% from a year earlier but fell from Q4 levels. Vehicle margin improved to 10.2%, though net loss widened 30.2% YoY to RMB 6.75 billion. The Chinese EV maker expects Q2 deliveries of 72,000–75,000 units, driven by new models including the ET9 and Firefly.