蔚来2026年第一季度未经审计财务业绩报告
05/21/2026 Quarterly Total Revenues Reached RMB25,532.7 Million (US$3,701.5 Million)iQuarterly Vehicle Deliveries Were 83,465 Units SHANGHAI, China, May 21, 2026 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the“Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its unaudited financialresults for the first quarter ended March 31, 2026. Operating Highlights for the First Quarter of 2026 Vehicle deliverieswere 83,465 in the first quarter of 2026, representing an increase of 98.3% from the first quarter of2025, and a decrease of 33.1% from the fourth quarter of 2025. The deliveries consisted of 58,543 vehicles from NIObrand, 13,339 vehicles from ONVO brand, and 11,583 vehicles from FIREFLY brand. Key Operating Results Financial Highlights for the First Quarter of 2026 Vehicle saleswere RMB22,783.7 million (US$3,302.9 million) in the first quarter of 2026, representing an increase of129.2% from the first quarter of 2025 and a decrease of 27.9% from the fourth quarter of 2025. Vehicle marginiiwas 18.8% in the first quarter of 2026, compared with 10.2% in the first quarter of 2025 and 18.1% in thefourth quarter of 2025. Total revenueswere RMB25,532.7 million (US$3,701.5 million) in the first quarter of 2026, representing an increase of112.2% from the first quarter of 2025 and a decrease of 26.3% from the fourth quarter of 2025. Gross profitwas RMB4,859.1 million (US$704.4 million) in the first quarter of 2026, representing an increase of 428.4%from the first quarter of 2025 and a decrease of 20.0% from the fourth quarter of 2025. Gross marginwas 19.0% in the first quarter of 2026, compared with 7.6% in the first quarter of 2025 and 17.5% in thefourth quarter of 2025. Loss from operationswas RMB308.8 million (US$44.8 million) in the first quarter of 2026, compared with loss fromoperations of RMB6,418.1 million in the first quarter of 2025 and profit from operations of RMB807.3 million in the fourthquarterof 2025.Excluding share-based compensation expenses,adjusted profit from operations(non-GAAP)wasRMB66.8 million (US$9.7 million) in the first quarter of 2026, compared with adjusted loss from operations (non-GAAP) ofRMB5,947.2 million in the first quarter of 2025 and adjusted profit from operations (non-GAAP) of RMB1,251.3 million inthe fourth quarter of 2025. Net losswas RMB332.1 million (US$48.1 million) in the first quarter of 2026, compared with net loss of RMB6,750.0million in the first quarter of 2025 and net profit of RMB282.7 million in the fourth quarter of 2025. Excluding share-basedcompensation expenses, adjusted net profit (non-GAAP) was RMB43.5 million (US$6.3million) in the first quarter of 2026,compared with adjusted net loss (non-GAAP) of RMB6,279.1 million in the first quarter of 2025 and adjusted net profit(non-GAAP) of RMB726.8 million in the fourth quarter of 2025. Cash and cash equivalents, restricted cash, short-term investmentand long-term time deposits were RMB48.2billion (US$7.0 billion) as of March 31, 2026. Key Financial Resultsfor the First Quarter of 2026 Recent Developments Deliveries in April 2026 The Company delivered 29,356 vehicles in April 2026. As of April 30, 2026, the Company had delivered 112,821 vehiclesin 2026, with cumulative deliveries reaching 1,110,413. Debut of NIO ES9 On April 9, 2026, NIO’s flagship executive SUV, the ES9, officially commenced pre-sales, and will be officially launchedand commence delivery on May 27, 2026. As the culmination of over a decade of technological innovation, the ES9redefines the benchmark for flagship SUVs through its signature design, exceptional space, advanced intelligence, refinedcomfort, and comprehensive safety. The ES9, featuring over 40 industry-first technologies and nearly 40 class-leadingconfigurations, is set to usher in the era of battery electric vehicles for executive flagship SUVs. Commencement of ONVO L80 delivery On April 28, 2026, ONVO commenced the pre-sale of its flagship large five-seat SUV, the L80, with deliveries commencingshortly after its official launch on May 15, 2026. Fully equipped with ONVO’s latest flagship technologies in spatialengineering, vehicle safety, and lightweight design, the L80 sets a new benchmark as China’s five-seat SUV with thelargest trunk space and outstanding versatility. Leveraging technological innovation to redefine user experience, the L80will expand the addressable scenarios of large five-seat SUVs, accompanying families on every journey of joy. CEO and CFO Comments “In the first quarter of 2026, the Company delivered 83,465 smart electric vehicles, representing a year-over-year increase of98.3%. Starting from the second quarter, the Company has entered an intensive new product launch and delivery cycle. Weexpect total deliveries in the second quarter to range between 110,000 and 115,000 vehicles, with a year-over-year growth of52.7% to 59.6%,” said William Bin Li, founder, chairm