NIO forecasts deliveries of 120,000 to 125,000 new vehicles in Q4, a YoY increase of 65.1% to 72.0%.
NIO Group November 2025 Sales Report Released.
The data shows that NIO Group’s total deliveries reached 36,275 units, representing a year-on-year increase of 76.3% but a month-on-month decrease of 10.2%. By the end of November, cumulative deliveries of NIO vehicles approached one million, reaching 949,457 units.
Breaking down by brand, the NIO brand sold 18,393 units, marking four consecutive months of growth.
The Onvo brand delivered 11,794 units, a year-on-year increase of 132.1% but a month-on-month decline of 32%. Data indicates that the Onvo L90 has accumulated 39,319 deliveries since its launch four months ago, helping lift the brand’s average selling price to 260,000 yuan.
The Firefly brand delivered 6,088 units, setting a new historical record for the fourth consecutive month, with cumulative deliveries now at 32,330 units. Firefly has already entered markets in the Netherlands, Norway, Belgium, Denmark, Greece, Austria, and Portugal. Right-hand-drive models have officially entered mass production, with plans to expand into a total of 17 countries across Europe, America, and Southeast Asia.
With sustained sales growth, NIO’s profit prospects are becoming clearer. CEO William Li reiterated that the company is expected to achieve its first quarterly profit in Q4.
Q3 financial reports show NIO’s revenue reached a record high of 21.79 billion yuan, with vehicle deliveries totaling 87,071 units, a year-on-year increase of 40.8%. The company’s cash reserves increased to 36.7 billion yuan, nearly 10 billion more than the previous quarter.
NIO forecasts deliveries of 120,000 to 125,000 new vehicles in Q4, a year-on-year increase of 65.1% to 72.0%. If achieved, this would set a new all-time record for the company.
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