Key Highlights
- Nio delivered 48,135 vehicles in December, setting a new monthly record and increasing year-over-year by 54.6%.
- The company achieved its full-year sales target of 326,028 vehicles, up 47% from the previous year’s figure of 221,970 units.
- Nio met its revised fourth-quarter guidance despite cutting back on initial targets due to market conditions.
- The ES8 model remains Nio’s best-selling vehicle, with orders reaching over 100,000 and a delivery waiting time of six months post-launch.
Nio Hits Q4 Delivery Target With Record December Sales
Chinese electric vehicle (EV) manufacturer Nio has reported strong fourth-quarter sales figures, delivering 124,807 vehicles in the quarter, a new record for Nio. This marked a significant 71.7% increase year-over-year and placed Nio within its revised guidance range of 120,000 to 125,000 units.
December’s Record-Breaking Performance
In December alone, Nio delivered a staggering 48,135 vehicles, setting another new monthly record. This performance reflects a 54.6% increase compared to the same month in the previous year. The success was achieved through contributions from three of Nio’s brands: core Nio, family-oriented Onvo, and urban-focused Firefly.
Specifically, the core Nio brand delivered 31,897 vehicles, while Onvo contributed 9,154 units, and Firefly added another 7,084 vehicles to the total. These numbers underscore the diversified growth strategy of Nio, catering to a wide range of consumer needs.
Full-Year Performance
For the full year 2025, Nio reported a total delivery of 326,028 vehicles, marking a substantial increase from the 221,970 units delivered in 2024. This represents a growth rate of 46.9%, significantly outpacing industry averages and solidifying Nio’s position as a leading EV player in China.
Nio has cumulatively delivered 997,592 vehicles by the end of December 31, 2025, reflecting its steady growth trajectory over several years. Despite falling short of initial ambitious targets for 2025, Nio managed to achieve a solid performance within revised expectations.
Trimmed Targets and Revised Guidance
Nio’s journey during the year was marked by multiple adjustments in guidance due to evolving market conditions. Initially, management had set an aggressive target of approximately 442,000 units for 2025, aiming to double from the previous year’s delivery figures.
However, throughout the year, Nio trimmed its targets several times. In June, CEO William Li indicated that the core Nio brand would aim for about 25,000 deliveries per month in Q4, while Onvo would target the same.
This resulted in an overall goal of around 150,000 units for both brands excluding Firefly.
By early September, management began including Firefly sales in the guidance, and by November, when Nio reported its third-quarter financial results, the quarterly guidance was reduced to between 120,000 and 125,000 units. This reduction highlights the challenging market environment that Nio faced during the year.
Despite these adjustments, Nio managed to meet its revised Q4 guidance, demonstrating resilience in a competitive market. The success of models like the third-generation ES8, which received over 100,000 orders and had delivery waiting times reaching six months post-launch, played a significant role in achieving these numbers.
As Nio continues to grow, its financial performance reflects not only strong sales but also the company’s strategy of diversifying through multiple brands and models.
The ES8 model’s continued popularity underscores Nio’s ability to meet consumer demand in the EV market.
Nio shares closed at $5.10 on the last trading day of 2025, down 7.2% from the previous session but showing a gain of approximately 16.97% for the year. The company’s robust performance and strategic adjustments indicate its ongoing relevance in the rapidly evolving automotive landscape.
With Nio’s impressive delivery numbers, it continues to be watched closely as an indicator of China’s broader EV market trends and the overall growth trajectory of the industry.