According to the Zhitong Finance App, NIO - SW (09866) announced the results for the second quarter of 2026. The number of cars delivered was 107,658 vehicles, up 49.4% year on year and 29.0% month on month. Automobile sales were 29.058.2 billion yuan, up 80.1% year on year and 27.5% month on month. Total revenue was $32.136.9 billion, up 69.1% year on year and 25.9% month on month. Gross profit was 5.906.5 billion yuan, up 211.3% year on year and 21.6% month on month. Adjusted net profit was $26.1 million, turning a year-on-year loss into a profit.
According to the announcement, automobile sales increased compared to the second quarter of 2025, mainly due to increased deliveries and an increase in average sales prices due to changes in the product portfolio. Vehicle sales increased compared to the first quarter of 2026, mainly due to increased deliveries.
In the first half of 2026, total revenue was approximately $57.67 billion, up 85.77% year on year; gross profit was about 10.766 billion yuan, up 282.16% year on year; net loss attributable to common shareholders of NIO Group was about 1,2175 billion yuan, a year-on-year narrowing of 89.88% year on year.
“In the second quarter of 2026, the company delivered a total of 107,658 smart electric vehicles, an increase of 49.4% over the previous year. The three major brands, NIO, Ledao, and Firefly, have achieved sharp increases in volume and price. We expect total deliveries in the third quarter to be between 108,000 and 111,000 vehicles, up 24.0% to 27.5% year over year.” Li Bin, founder, chairman and CEO of NIO, said.
“In the second quarter, the NIO brand ranked first in the passenger car market with a transaction price of over 350,000 yuan in China. The market performance of the NIO ES8 continued to be strong after launch. The delivery of 140,000 units was completed within 335 days of launch, maintaining the lead in the 400,000-class passenger car market and the large SUV market. Technology's executive flagship SUV ES9 continues to convert traditional luxury fuel SUV users. In June and July, it ranked first in sales in the passenger car market with a transaction price of 500,000 yuan or more in China. With outstanding product advantages, the Ledao L90 and L80 have driven the Ledao brand to become the number one sales volume in the 200,000-300,000 range of large SUVs. At the same time, Firefly has been ranked first in China's high-end car market share for 15 consecutive months, and has stabilized its leading position in the market segment.” Li Bin added.
“In the second quarter of 2026, the overall quality of the company's operations continued to improve. Supported by the popularity of high-margin models and continuous optimization of the cost structure, the company's overall gross profit margin and vehicle gross margin have maintained steady levels despite rising cost pressure. Services and community-related businesses continue to contribute to profits. The company maintained non-GAAP operating profits and further increased its cash reserves during the quarter, providing a stronger financial guarantee for long-term sustainable development. Based on solid systematization capabilities and clear business strategies, we are confident that we will achieve our annual business goals and achieve high-quality growth.” Qu Yu, chief financial officer of NIO, said.
In addition, the company expects total revenue for the third quarter of 2026 to be between $33.285 billion (US$4.906 billion) and $34.51 billion (US$5,019 billion), an increase of about 52.7% to 56.2% over the same quarter of 2025.