NIO narrows net loss 89% YoY to $100.3m in Q2

The loss, however, widened by 59% from $63.1m (RMB332.1m) in Q1.

SGX-listed NIO Inc.’s net loss narrowed 89.4% year-on-year (YoY) to $100.3m (RMB528m) in the second quarter of 2026 (Q2), from $948.1m (RMB4.99b) a year earlier.

The loss, however, widened 59% from $63.1m (RMB332.1m) in Q1, according to a bourse filing.

The company’s total revenue climbed 69.1% YoY to $6.11b (RMB32.14b). Vehicle sales jumped 80.1% to $5.52b (RMB29.06b), supported by higher delivery volume and higher average selling prices resulting from changes in product mix.

Gross profit more than tripled to $1.12b (RMB5.91b) from $361m (RMB1.9b) a year earlier, whilst gross margin widened to 18.4% from 10%.

Operating loss narrowed to $66m (RMB347.2m) from $932.9m (RMB4.91b) a year earlier, although it widened from $58.7m (RMB308.8m) in the previous quarter.

Research and development expenses fell 28.7% to $406.6m (RMB2.14b), mainly due to lower personnel costs following organisational optimisation and reduced design and development costs.

Selling, general and administrative expenses rose 11.6% to $839.8m (RMB4.42b), largely due to increased sales and marketing activities related to new product launches.

For Q3, the company expects vehicle deliveries of between 108,000 and 111,000 units, representing YoY growth of 24% to 27.5%.

Revenue is projected at $6.33b (RMB33.29b) to $6.47b (RMB34.05b), up approximately 52.7% to 56.2% from the same period last year, it added.

$1 = RMB5.28

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