"NIO's first quarterly profit is just the beginning," Li Bin sets the 2026 business target.

K-LinePoet · 2026-04-04T19:31:48+00:00

On March 11th, during NIO's closed-door communication meeting, NIO founder Li Bin revealed that NIO's non-vehicle business has been profitable for three consecutive quarters in 2025 and achieved full-year profitability. Its profits not only cover the losses from battery swap services but also generate positive returns.On the evening of March 10th, NIO disclosed its Q4 2025 quarterly report. In the fourth quarter of 2025, NIO achieved a net profit of 283 million yuan, marking the company's first single-quarter profit since its founding.Li Bin stated that the operating goal for 2026 is set to achieve full-year profit under Non-GAAP (Non-Generally Accepted Accounting Principles), with sales increasing by 40% to 50%, corresponding to annual deliveries of 450k to 490k vehicles. "Profitability is just a starting point. Competition in the automotive industry is a marathon. Achieving profitability in Q4 2025 will boost confidence among users, investors, and the team in NIO."

K-LinePoet

2026-04-04 19:31:48

On March 11, at NIO’s closed-door communication meeting, NIO founder Li Bin revealed that NIO’s non-vehicle business was profitable for three consecutive quarters in 2025 and achieved full-year profitability. Its profits not only cover losses from the battery-swapping business, but also generate positive returns.

Late on the evening of March 10, NIO disclosed its 2025 quarterly report. In the fourth quarter of 2025, NIO achieved a net profit of 283 million yuan, marking the first quarterly profit since the company was founded.

Li Bin said that the 2026 operating target is full-year profitability on a Non-GAAP (non-GAAP accounting standards) basis, along with volume growth of 40% to 50%, corresponding to full-year deliveries of 450k to 490k vehicles. “Profitability is just a starting point. Competition in the auto industry is a marathon. Achieving profitability in the fourth quarter of 2025 will give users, investors, and the team greater confidence in NIO.”

It should be noted that NIO’s growth path still faces many challenges. In the first two months of 2026, NIO has delivered only a cumulative total of nearly 48,000 vehicles, which is far from the target of 40,000 vehicles per month on average. Issues such as an imbalanced vehicle mix and slow ramp-up of production capacity still need to be addressed, and a global shortage of memory may raise the cost of high-end smart electric vehicles by 6,000 yuan to 10,000 yuan.

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