NIO delivered 107,658 vehicles in Q2 2026, driving a 69.1% revenue surge to RMB 32.1 billion as the company maintains profitability and expands its premium BEV market share.
NIO demonstrated strong financial and operational performance in Q2 2026, highlighted by a 49.4% year-over-year increase in vehicle deliveries to 107,658 units and a robust gross margin of 18.4%. The company achieved non-GAAP operating profitability and positive free cash flow, supported by the successful multi-brand strategy across NIO, ONVO, and FIREFLY. These results underscore the company's ability to scale production while maintaining premium pricing and operational efficiency despite rising raw material costs.
NIO reported a gross margin of 18.4% for the second quarter of 2026.
NIO operates three brands: NIO, ONVO, and FIREFLY.
As of the end of Q2 2026, NIO's cash reserves increased to RMB 56.7 billion.
NIO Inc. posted strong Q2 2026 results, delivering 107,658 vehicles, a 49.4% year-over-year increase. The company achieved an 18.4% gross margin and generated positive operating cash flow, bolstered by the success of its NIO, ONVO, and FIREFLY brands.
NIO expects total deliveries for the third quarter to range between 108,000 and 111,000 units.
The NIO brand led the premium segment, ONVO dominated the large SUV market under RMB 300,000, and FIREFLY maintained its leadership in the high-end compact car segment.