NIO has released its financial results for the first quarter of 2026, showcasing significant growth and sustained profitability. The company reported a total revenue of 25.53 billion RMB (approximately $3.53 billion USD) for the quarter, representing a robust year-over-year increase of 112.2%. Notably, NIO achieved an operating profit of 66.8 million RMB (approximately $9.24 million USD), marking its second consecutive quarter of profitability.
Key financial metrics reached multi-year highs, with gross profit totaling 4.86 billion RMB (approximately $672 million USD), a 428.4% increase compared to the same period last year. The company’s overall gross margin reached 19.0%, while the vehicle margin stood at 18.8%, marking four consecutive quarters of sequential growth. Other sales margins also hit a four-year high of 20.6%.
Operational highlights include a cash reserve increase to 48.2 billion RMB (approximately $6.67 billion USD) and positive operating cash flow for the third consecutive quarter. In terms of sales performance, NIO delivered 83,465 vehicles in Q1, a 98.3% year-over-year surge. Looking ahead to the second quarter of 2026, the company projects deliveries between 110,000 and 115,000 vehicles, with expected revenue ranging from 32.78 billion RMB (approximately $4.53 billion USD) to 34.44 billion RMB (approximately $4.76 billion USD).
As of March 31, 2026, NIO’s infrastructure network has expanded significantly, with 3,847 battery swap stations, 4,985 charging stations, and 28,505 charging piles deployed globally.
Johna
Johna | Engineer turned Explorer • Automotive Blogger Fueling my passion for precision and the wild. Usually found navigating rugged terrain in my Tank 300 or penning deep-dives into automotive tech. I believe the best stories are found where the pavement ends. Join me as I bridge the gap between engineering and adventure.
