Nio reported second-quarter revenue of ¥32.14 billion, marking a 69.1% year-on-year increase. The company achieved an adjusted operating profit of ¥206.9 million, while its GAAP net loss reached ¥528 million.
CEO William Li stated that the market undervalues Nio by overlooking its AI capabilities, energy business, and community services. The latter generated over ¥10 billion in revenue last year and remains profitable.
Nio's chip unit, GeniTech, has shipped over 300,000 NX9031X chips for Nio and Onvo vehicles. The division began licensing its technology to third parties in late 2025, shifting its focus toward external revenue.
The company operates 4,065 battery swap stations in China, having completed over 123 million swaps. Its fifth-generation stations now support all three of its brands: Nio, Onvo, and Firefly.
In the second quarter, Nio maintained a vehicle margin of 18.5%. The average transaction price for its vehicles reached ¥406,000 in the second quarter and rose to ¥434,600 in July.