Nio reports strong revenue growth in Q1

Nio reported Q1 2026 revenue of RMB 25.53 billion, up 112.2% YoY, marking its second consecutive quarter of operating profit. The company recorded an operating profit of RMB 66.8 million, supported by a record 19% gross margin and reduced R&D spending. Nio delivered 83,465 vehicles during the period and projects Q2 deliveries of 110,000–115,000 units.