NIO delivered 40,397 vehicles in October 2025, setting a new monthly record for the company and marking a 92.6% year‑over‑year increase in deliveries.
The October deliveries were split among the company’s three brands: 17,143 vehicles from the NIO brand, 17,342 from the ONVO brand, and 5,912 from the FIREFLY brand. Cumulative deliveries reached 913,182 as of October 31 2025, reflecting the company’s expanding market presence.
The ONVO L90 SUV achieved a new record, delivering more than 10,000 units for three consecutive months since its launch in late July 2025. This milestone highlights strong demand for large, three‑row electric SUVs and supports the company’s multi‑brand strategy.
NIO’s Q3 2025 deliveries totaled 87,071 vehicles, a 40.8% year‑over‑year increase but slightly below market expectations of 91,091 units. The company’s guidance for Q4 2025 remains unchanged, with management targeting non‑GAAP profitability and a single‑quarter profit in that quarter. NIO’s battery‑swapping network continues to be a key differentiator, with over 90 million cumulative battery swaps by the end of October 2025.
Management emphasized that the record deliveries are driven by strong demand for the new ES8 SUV and the ONVO L90, as well as the company’s expanded production capacity. The company remains focused on scaling production, improving margins, and achieving profitability in the near term.
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