NIO Inc. Reports Unaudited Second Quarter 2026 Financial Results

September 1, 2026, Shanghai, China －NIO announced its unaudited financial results for the second quarter ended June 30, 2026.

· Total revenues were RMB32,136.9 million (US$4,736.4 million) in the second quarter of 2026, representing an increase of 69.1% from the second quarter of 2025.

· Gross profit was RMB5,906.5 million (US$870.5 million) in the second quarter of 2026, representing an increase of 211.3% from the second quarter of 2025.

· Gross margin was 18.4% in the second quarter of 2026, compared with 10.0% in the second quarter of 2025.

· Vehicle margin was 18.5% in the second quarter of 2026, compared with 10.3% in the second quarter of 2025.

· Other sales in the second quarter of 2026 were RMB3,078.6 million (US$453.7 million), representing an increase of 7.2% from the second quarter of 2025 and an increase of 12.0% from the first quarter of 2026. Gross margin from other sales was 17.0%, up 8.8 percentage points year over year.

· For the first half of the year, total revenues reached RMB 57.67 billion (US$8,437.9 million), up 85.8% year over year, while gross profit increased 282.2% to RMB 10.77 billion (US$1,574.9 million). As of the end of the second quarter, cash reserves increased to RMB 56.7 billion (US$8.4 billion) , up 108.7% year over year and 17.7% quarter over quarter. NIO Inc. also delivered positive operating cash flow for the fourth consecutive quarter.

For the third quarter of 2026, NIO Inc. expects:

· Deliveries of vehicles to be between 108,000 and 111,000 vehicles, representing an increase of approximately 24.0% to 27.5% from the same quarter of 2025.

· Total revenues to be between RMB33,285 million (US$4,906 million) and RMB34,051 million (US$5,019 million), representing an increase of approximately 52.7% to 56.2% from the same quarter of 2025.