Quarterly Total Revenues Reached RMB32,136.9 Million (US$4,736.4 Million)i

Quarterly Vehicle Deliveries Were 107,658 Units

SHANGHAI, Sept. 01, 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 financial results for the second quarter ended June 30, 2026.

Operating Highlights for the Second Quarter of 2026

Key Operating Results

 
  
 2026 Q22026 Q12025 Q42025 Q3
Deliveries107,65883,465124,80787,071
     
 2025 Q22025 Q12024 Q42024 Q3
Deliveries72,05642,09472,68961,855
     

Financial Highlights for the Second Quarter of 2026

Key Financial Results for the Second Quarter of 2026

(in RMB million, except for percentage)

  2026Q22026 Q1 2025 Q2 % Changeiii
      QoQYoY
Vehicle Sales 29,058.2 22,783.7  16,136.1  27.5% 80.1% 
Vehicle Margin 18.5% 18.8%  10.3%  -30bp 820bp 
         
Total Revenues 32,136.9 25,532.7  19,008.7  25.9% 69.1% 
Gross Profit 5,906.5 4,859.1  1,897.5  21.6% 211.3% 
Gross Margin 18.4% 19.0%  10.0%  -60bp 840bp 
         
Loss from Operations (347.2) (308.8)  (4,908.9)  12.4% -92.9% 
Adjusted Profit/(Loss) from Operations (non-GAAP)206.9 66.8  (4,040.8)  209.7% N/A 
        
Net Loss (528.0) (332.1)  (4,994.8)  59.0% -89.4% 
Adjusted Net Profit/(Loss) (non-GAAP)26.1 43.5  (4,126.7)  -40.0% N/A 
             

Recent Developments

Deliveries in July and August 2026

Debut of NIO All-New ES8 Five-Seat Version

Financing of Shenji

CEO and CFO Comments

"In the second quarter of 2026, the Company delivered 107,658 smart electric vehicles, representing a 49.4% year-over-year increase. All three brands, NIO, ONVO, and FIREFLY, achieved growth in both sales volume and average transaction price. For the third quarter, we expect total deliveries to range between 108,000 and 111,000 vehicles, with a year-over-year growth of 24.0% to 27.5%," said William Bin Li, founder, chairman, and chief executive officer of NIO.

"In the second quarter, the NIO brand ranked first in China’s passenger vehicle market priced above RMB 350,000. The ES8 has sustained strong market momentum since its launch and reached its 140,000th delivery within 335 days, leading China’s RMB 400,000-level passenger vehicle segment and the large SUV segment. The ES9, our executive flagship SUV, continues to win over users from traditional fuel-powered luxury SUVs, ranking first in sales among passenger vehicles priced above RMB 500,000 in China in both June and July. With the compelling product advantages of the ONVO L90 and L80, the ONVO brand has become the sales leader in China’s RMB 200,000 to RMB 300,000 large SUV segment. Meanwhile, the firefly has ranked first in market share in China’s high-end small-car market for 15 consecutive months, further strengthening its leadership in the segment," added William Bin Li.

"In the second quarter of 2026, the Company continued to improve its overall operating quality. Supported by strong sales of higher-margin models and ongoing optimization of our cost structure, we maintained healthy gross and vehicle margins despite rising cost pressures. Services and community-related businesses continued to contribute to profitability. The Company maintained positive non-GAAP operating profit during the quarter, further increasing our cash reserves and strengthening our financial position to support long-term, sustainable development," said Stanley Yu Qu, NIO’s chief financial officer. "With our solid, comprehensive systematic capabilities and clear business strategies, we are confident in achieving our full-year operating objectives and delivering high-quality growth."

Financial Results for the Second Quarter of 2026

Revenues

Cost of Sales and Gross Margin

Operating Expenses

Loss from Operations

Net Loss and Earnings Per Ordinary Share/ADS

Balance Sheet

Business Outlook

For the third quarter of 2026, the Company expects:

This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.

Conference Call

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 1, 2026 (8:00 PM Beijing/Hong Kong/Singapore Time on September 1, 2026).

A live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.nio.com/news-events/events.

For participants who wish to join the conference using dial-in numbers, please register in advance using the link provided below and dial in 10 minutes prior to the call. Dial-in numbers, passcode and unique access PIN would be provided upon registering.

https://s1.c-conf.com/diamondpass/10056744-ju876y.html 

A replay of the conference call will be accessible by phone at the following numbers, until September 8, 2026:

United States:+1-855-883-1031
Hong Kong, China:+852-800-930-639
Mainland, China:+86-400-1209-216
Singapore:+65-800-1013-223
International:+61-7-3107-6325
Replay PIN:10056744
  

About NIO Inc.

NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of "Blue Sky Coming". NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, premium smart electric vehicles for families through the ONVO brand, and high-end smart electric compact cars with the FIREFLY brand.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the "SEHK") and the Singapore Exchange Securities Trading Limited (the "SGX-ST"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Non-GAAP Disclosure

The Company uses non-GAAP measures, such as adjusted cost of sales (non-GAAP), adjusted research and development expenses (non-GAAP), adjusted selling, general and administrative expenses (non-GAAP), adjusted profit/(loss) from operations (non-GAAP), adjusted net profit/(loss) (non-GAAP), adjusted net profit/(loss) attributable to ordinary shareholders (non-GAAP) and adjusted basic and diluted net profit/(loss) per ordinary share/ADS (non-GAAP), in evaluating its operating results and for financial and operational decision-making purposes. The Company defines adjusted cost of sales (non-GAAP), adjusted research and development expenses (non-GAAP), adjusted selling, general and administrative expenses (non-GAAP) and adjusted profit/(loss) from operations (non-GAAP) and adjusted net profit/(loss) (non-GAAP) as cost of sales, research and development expenses, selling, general and administrative expenses, profit/(loss) from operations and net profit/(loss) excluding share-based compensation expenses and organizational optimization charges. The Company defines adjusted net profit/(loss) attributable to ordinary shareholders (non-GAAP) and adjusted basic and diluted profit/(loss) per ordinary share/ADS (non-GAAP) as profit/(loss) attributable to ordinary shareholders and basic and diluted profit/(loss) per ordinary share/ADS excluding share-based compensation expenses, organizational optimization charges and accretion on redeemable non-controlling interests to redemption value. By excluding the impact of share-based compensation expenses, organizational optimization charges and accretion on redeemable non-controlling interests to redemption value, which are either non-cash or not indicative of the Company’s ordinary or ongoing operations due to their size or nature, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for net profit/(loss) or other consolidated statements of comprehensive profit/(loss) data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliation of GAAP and Non-GAAP Results" set forth at the end of this press release.

Exchange Rate

This announcement contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from Renminbi to U.S. dollars were made at the rate of RMB6.7851 to US$1.00, the noon buying rate in effect on June 30, 2026 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollars amounts referred could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

For more information, please visit: http://ir.nio.com.

Investor Relations

ir@nio.com

Media Relations

global.press@nio.com

Source: NIO

 
NIO INC.

Unaudited Condensed Consolidated Balance Sheets

(All amounts in thousands)

 As of
 December 31, 2025 June 30, 2026 June 30, 2026 
 RMB RMB US$ 
ASSETS      
Current assets:      
Cash and cash equivalents        11,274,094 17,453,564 2,572,337 
Restricted cash        14,745,975 13,510,507 1,991,202 
Short-term investments        19,755,809 25,634,741 3,778,093 
Trade and notes receivables        1,394,445 1,196,734 176,377 
Amounts due from related parties        16,078,250 14,986,044 2,208,670 
Inventory        8,530,854 11,089,742 1,634,426 
Prepayments and other current assets        4,853,610 5,378,445 792,685 
Total current assets        76,633,037 89,249,777 13,153,790 
Non-current assets:      
Long-term restricted cash        88,325 68,625 10,114 
Property, plant and equipment, net        25,827,968 25,251,240 3,721,572 
Intangible assets, net29,648 173,212 25,528 
Land use rights, net        196,691 194,039 28,598 
Long-term investments        2,480,518 2,340,908 345,007 
Right-of-use assets - operating lease        11,711,306 10,957,091 1,614,875 
Other non-current assets        7,433,585 7,976,448 1,175,584 
Total non-current assets        47,768,041 46,961,563 6,921,278 
Total assets        124,401,078 136,211,340 20,075,068 
LIABILITIES      
Current liabilities:      
Short-term borrowings        4,691,910 8,164,766 1,203,338 
Trade and notes payable        53,309,727 60,385,478 8,899,718 
Amounts due to related parties, current        625,903 502,353 74,038 
Taxes payable        439,240 334,595 49,313 
Current portion of operating lease liabilities        2,163,768 1,961,855 289,142 
Current portion of long-term borrowings        655,971 897,712 132,306 
Accruals and other liabilities        16,696,044 15,371,799 2,265,523 
Total current liabilities        78,582,563 87,618,558 12,913,378 
Non-current liabilities:      
Long-term borrowings        8,626,272 8,550,926 1,260,251 
Non-current operating lease liabilities        10,092,039 9,420,681 1,388,437 
Amounts due to related parties, non-current        604,178 1,190,070 175,395 
Deferred tax liabilities        112,691 133,011 19,603 
Other non-current liabilities        13,690,778 15,029,869 2,215,128 
Total non-current liabilities        33,125,958 34,324,557 5,058,814 
Total liabilities        111,708,521 121,943,115 17,972,192 



 
NIO INC.

Unaudited Condensed Consolidated Balance Sheets

(All amounts in thousands)
     
  As of
  December 31, 2025 June 30, 2026 June 30, 2026
  RMB RMB US$
MEZZANINE EQUITY            
Redeemable non-controlling interests  8,551,854   10,222,746   1,506,646 
Total mezzanine equity  8,551,854   10,222,746   1,506,646 
SHAREHOLDERS’ EQUITY            
Total NIO Inc. shareholders’ equity  4,159,460   4,064,040   598,966 
Non-controlling interests  (18,757)  (18,561)  (2,736)
Total shareholders’ equity  4,140,703   4,045,479   596,230 
Total liabilities, mezzanine equity and shareholders’ equity  124,401,078   136,211,340   20,075,068 



 
NIO INC.

Unaudited Condensed Consolidated Statements of Comprehensive Loss

(All amounts in thousands, except for share and per share/ADS data)

 
  Three Months Ended
  June 30, 2025 Mar 31, 2026 June 30, 2026 June 30, 2026
  RMB RMB RMB US$
Revenues:        
Vehicle sales  16,136,114   22,783,708   29,058,229   4,282,653 
Other sales  2,872,551   2,748,947   3,078,632   453,734 
Total revenues  19,008,665   25,532,655   32,136,861   4,736,387 
Cost of sales:                
Vehicle sales  (14,473,222)  (18,491,467)  (23,673,959)  (3,489,110)
Other sales  (2,637,920)  (2,182,051)  (2,556,412)  (376,769)
Total cost of sales  (17,111,142)  (20,673,518)  (26,230,371)  (3,865,879)
Gross profit  1,897,523   4,859,137   5,906,490   870,508 
Operating expenses:                
Research and development  (3,007,032)  (1,885,024)  (2,144,918)  (316,122)
Selling, general and administrative  (3,964,921)  (3,497,306)  (4,424,516)  (652,093)
Other operating income, net  165,572   214,382   315,725   46,532 
Total operating expenses  (6,806,381)  (5,167,948)  (6,253,709)  (921,683)
Loss from operations  (4,908,858)  (308,811)  (347,219)  (51,175)
Interest and investment income /(loss)  107,529   115,894   (18,959)  (2,794)
Interest expenses  (212,748)  (214,405)  (242,389)  (35,724)
Share of losses of equity investees  (124,664)  (37,908)  (149,383)  (22,016)
Other income, net  186,879   125,266   262,774   38,728 
Loss before income tax expense  (4,951,862)  (319,964)  (495,176)  (72,981)
Income tax expense  (42,939)  (12,118)  (32,833)  (4,839)
Net loss  (4,994,801)  (332,082)  (528,009)  (77,820)
Accretion on redeemable non-controlling interests to redemption value  (148,374)  (164,987)  (192,325)  (28,345)
Net loss/(profit) attributable to non-controlling interests  1,868   1,061   (1,257)  (185)
Net loss attributable to ordinary shareholders of NIO Inc.  (5,141,307)  (496,008)  (721,591)  (106,350)
Net loss  (4,994,801)  (332,082)  (528,009)  (77,820)
Other comprehensive income/(loss)                
Foreign currency translation adjustment, net of nil tax  184,568   (148,948)  (120,909)  (17,820)
Total other comprehensive income/(loss)  184,568   (148,948)  (120,909)  (17,820)
Total comprehensive loss  (4,810,233)  (481,030)  (648,918)  (95,640)
Accretion on redeemable non-controlling interests to redemption value  (148,374)  (164,987)  (192,325)  (28,345)
Net loss/(profit) attributable to non-controlling interests  1,868   1,061   (1,257)  (185)
Comprehensive loss attributable to ordinary shareholders of NIO Inc.  (4,956,739)  (644,956)  (842,500)  (124,170)
Weighted average number of ordinary shares/ADSs used in computing net loss per share/ADS                
Basic and diluted  2,230,044,617   2,481,180,303   2,496,741,061   2,496,741,061 
Net loss per share/ADS attributable to ordinary shareholders                
Basic and diluted  (2.31)  (0.20)  (0.29)  (0.04)



       
NIO INC.

Unaudited Condensed Consolidated Statements of Comprehensive Loss

(All amounts in thousands, except for share and per share/ADS data)

       
  Six Months Ended
  June 30, 2025 June 30, 2026 June 30, 2026
  RMB RMB US$
Revenues:      
Vehicle sales  26,075,419   51,841,937   7,640,556 
Other sales  4,967,975   5,827,579   858,879 
Total revenues  31,043,394   57,669,516   8,499,435 
Cost of sales:            
Vehicle sales  (23,398,863)  (42,165,426)  (6,214,415)
Other sales  (4,827,454)  (4,738,463)  (698,363)
Total cost of sales  (28,226,317)  (46,903,889)  (6,912,778)
Gross profit  2,817,077   10,765,627   1,586,657 
Operating expenses:            
Research and development  (6,188,435)  (4,029,942)  (593,940)
Selling, general and administrative  (8,365,684)  (7,921,822)  (1,167,532)
Other operating income, net  410,056   530,107   78,128 
Total operating expenses  (14,144,063)  (11,421,657)  (1,683,344)
Loss from operations  (11,326,986)  (656,030)  (96,687)
Interest and investment income  280,745   96,935   14,286 
Interest expenses  (457,610)  (456,794)  (67,323)
Loss on extinguishment of debt  (14,660)  -   - 
Share of losses of equity investees  (380,859)  (187,291)  (27,603)
Other income, net  202,106   388,040   57,190 
Loss before income tax expense  (11,697,264)  (815,140)  (120,137)
Income tax expense  (47,570)  (44,951)  (6,625)
Net loss  (11,744,834)  (860,091)  (126,762)
Accretion on redeemable non-controlling interests to redemption value  (292,864)  (357,312)  (52,661)
Net loss/(profit) attributable to non-controlling interests  5,330   (196)  (29)
Net loss attributable to ordinary shareholders of NIO Inc.  (12,032,368)  (1,217,599)  (179,452)
Net loss  (11,744,834)  (860,091)  (126,762)
Other comprehensive income/(loss)            
Foreign currency translation adjustment, net of nil tax  260,479   (269,857)  (39,772)
Total other comprehensive income/(loss)  260,479   (269,857)  (39,772)
Total comprehensive loss  (11,484,355)  (1,129,948)  (166,534)
Accretion on redeemable non-controlling interests to redemption value  (292,864)  (357,312)  (52,661)
Net loss/(profit) attributable to non-controlling interests  5,330   (196)  (29)
Comprehensive loss attributable to ordinary shareholders of NIO Inc.  (11,771,889)  (1,487,456)  (219,224)
Weighted average number of ordinary shares/ADSs used in computing net loss per share/ADS            
Basic and diluted  2,162,319,854   2,489,003,668   2,489,003,668 
Net loss per share/ADS attributable to ordinary shareholders            
Basic and diluted  (5.56)  (0.49)  (0.07)



   
NIO INC.

Unaudited Reconciliation of GAAP and Non-GAAP Results

(All amounts in thousands, except for share and per share/ADS data)

   
  Three Months Ended June 30, 2026
   GAAP

Result		   Share-based compensation   Accretion on redeemable non-controlling interests to redemption value   Adjusted

Result

(Non-GAAP)		 
   RMB   RMB   RMB   RMB 
Cost of sales  (26,230,371)  7,487   —   (26,222,884)
Research and development expenses  (2,144,918)  161,705   —   (1,983,213)
Selling, general and administrative expenses  (4,424,516)  384,881   —   (4,039,635)
Total  (32,799,805)  554,073   —   (32,245,732)
(Loss)/profit from operations  (347,219)  554,073   —   206,854 
Net (loss)/profit  (528,009)  554,073   —   26,064 
Net (loss)/profit attributable to ordinary shareholders of NIO Inc.  (721,591)  554,073   192,325   24,807 
Net (loss)/profit per share/ADS attributable to ordinary shareholders, basic and diluted (RMB)  (0.29)  0.22   0.08   0.01 
Net (loss)/profit per share/ADS attributable to ordinary shareholders, basic and diluted (USD)  (0.04)  0.03   0.01   0.00 



  Three Months Ended March 31, 2026
   GAAP

Result		   Share-based compensation   Accretion on redeemable non-controlling interests to redemption value   Adjusted

Result

(Non-GAAP)		 
   RMB   RMB   RMB   RMB 
Cost of sales  (20,673,518)  10,097   —   (20,663,421)
Research and development expenses  (1,885,024)  176,844   —   (1,708,180)
Selling, general and administrative expenses  (3,497,306)  188,629   —   (3,308,677)
Total  (26,055,848)  375,570   —   (25,680,278)
(Loss)/profit from operations  (308,811)  375,570   —   66,759 
Net (loss)/profit  (332,082)  375,570   —   43,488 
Net (loss)/profit attributable to ordinary shareholders of NIO Inc.  (496,008)  375,570   164,987   44,549 
Net (loss)/profit per share/ADS attributable to ordinary shareholders, basic and diluted (RMB)  (0.20)  0.15   0.07   0.02 



  Three Months Ended June 30, 2025
   GAAP

Result		   Share-based compensation   Organizational optimization charges   Accretion on redeemable non-controlling interests to redemption value   Adjusted

Result

(Non-GAAP)		 
   RMB   RMB   RMB   RMB   RMB 
Cost of sales  (17,111,142)  12,867   54,282   —   (17,043,993)
Research and development expenses  (3,007,032)  302,620   215,532   —   (2,488,880)
Selling, general and administrative expenses  (3,964,921)  110,688   172,074   —   (3,682,159)
Total  (24,083,095)  426,175   441,888   —   (23,215,032)
Loss from operations  (4,908,858)  426,175   441,888   —   (4,040,795)
Net loss  (4,994,801)  426,175   441,888   —   (4,126,738)
Net loss attributable to ordinary shareholders of NIO Inc.  (5,141,307)  426,175   441,888   148,374   (4,124,870)
Net loss per share/ADS attributable to ordinary shareholders, basic and diluted (RMB)  (2.31)  0.19   0.20   0.07   (1.85)



  Six Months Ended June 30, 2026
   GAAP

Result		   Share-based compensation   Accretion on redeemable non-controlling interests to redemption value   Adjusted

Result

(Non-GAAP)		 
   RMB   RMB   RMB   RMB 
Cost of sales  (46,903,889)  17,584   —   (46,886,305)
Research and development expenses  (4,029,942)  338,549   —   (3,691,393)
Selling, general and administrative expenses  (7,921,822)  573,510   —   (7,348,312)
Total  (58,855,653)  929,643   —   (57,926,010)
(Loss)/profit from operations  (656,030)  929,643   —   273,613 
Net (loss)/profit  (860,091)  929,643   —   69,552 
Net (loss)/profit attributable to ordinary shareholders of NIO Inc.  (1,217,599)  929,643   357,312   69,356 
Net (loss)/profit per share/ADS attributable to ordinary shareholders, basic and diluted (RMB)  (0.49)  0.37   0.14   0.02 
Net (loss)/profit per share/ADS attributable to ordinary shareholders, basic and diluted (USD)  (0.07)  0.05   0.02   0.00 



  Six Months Ended June 30, 2025
   GAAP

Result		   Share-based compensation   Organizational optimization charges   Accretion on redeemable non-controlling interests to redemption value   Adjusted

Result

(Non-GAAP)		 
   RMB   RMB   RMB   RMB   RMB 
Cost of sales  (28,226,317)  27,868   54,282   —   (28,144,167)
Research and development expenses  (6,188,435)  569,667   215,532   —   (5,403,236)
Selling, general and administrative expenses  (8,365,684)  299,579   172,074   —   (7,894,031)
Total  (42,780,436)  897,114   441,888   —   (41,441,434)
Loss from operations  (11,326,986)  897,114   441,888   —   (9,987,984)
Net loss  (11,744,834)  897,114   441,888   —   (10,405,832)
Net loss attributable to ordinary shareholders of NIO Inc.  (12,032,368)  897,114   441,888   292,864   (10,400,502)
Net loss per share/ADS attributable to ordinary shareholders, basic and diluted (RMB)  (5.56)  0.41   0.20   0.14   (4.81)



i All translations from RMB to USD for the second quarter of 2026 were made at the rate of RMB6.7851 to US$1.00, the noon buying rate in effect on June 30, 2026 in the H.10 statistical release of the Federal Reserve Board.

ii Vehicle margin is the margin of new vehicle sales, which is calculated based on revenues and cost of sales derived from new vehicle sales only.

iii Except for gross margin and vehicle margin, where absolute changes instead of percentage changes are calculated.