NIO to Announce Fourth Quarter Results on March 21, 2025

SHANGHAI, March 11, 2025 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a global leader in smart electric vehicles, has announced it will release its unaudited financial results for the fourth quarter and full year ended December 31, 2024, on March 21, 2025, before the opening of the U.S. markets.

The company will conduct an earnings conference call at 8:00 AM U.S. Eastern Time, the same day, which will be 8:00 PM in Beijing, Hong Kong, and Singapore. Investors can access a live and archived webcast of this call on NIO’s investor relations website.

For those who wish to participate via telephone, pre-registration is required to receive dial-in numbers, passcodes, and unique access PINs, which will be sent out upon registration. Participants are encouraged to join the call at least 10 minutes beforehand.

In the fourth quarter of 2024, NIO delivered a record 72,689 vehicles, aligning with its guidance range of 72,000 to 75,000 units. This marks a 45.25% increase from the previous year’s total of 50,045 vehicles during the same quarter, and a 17.52% growth compared to the 61,855 vehicles delivered in the third quarter.

The company’s primary brand delivered 52,760 vehicles in the fourth quarter, demonstrating a 5.43% rise from last year, although it represents a drop of 13.54% from the previous quarter’s figure of 61,023 vehicles. NIO’s emerging sub-brand, ONVO, significantly increased its deliveries to 19,929 vehicles, up from just 832 in the third quarter.

Onvo recently launched its first model, the L60, a five-seat mid-size SUV, and plans to unveil another SUV in the second quarter of 2025, with an official launch anticipated in the third quarter. Overall, NIO reported total deliveries of 221,970 vehicles for the year 2024, marking a 38.70% increase compared to 2023.

Financial projections for the fourth quarter estimate revenue between RMB 19.68 billion ($2.7 billion) and RMB 20.38 billion, reflecting year-over-year growth of approximately 15% to 19.2%.

NIO Inc. was founded in November 2014 and aims to create a sustainable future through innovative technology in the smart electric vehicle sector. The company is known for its emphasis on user experience and continues to drive advancements in electric vehicle technologies.

For more details about NIO and its offerings, visit the investor relations section at http://ir.nio.com or contact their media relations team at [email protected].