The EV maker&rsquo s loss per share of 0.2 yuan compares with 0.29 yuan a year earlier

 

[SINGAPORE] Chinese electric vehicle maker   Nio   : NIO -3.74% posted a net loss of 332.1 million yuan (S$62.5 million) for its first quarter ended Mar 31, narrowing from a net loss of 6.75 billion yuan a year earlier.

 

Nio is listed in the US, Hong Kong and Singapore.

 

On a quarter-on-quarter basis, the group&rsquo s latest results marked a reversal from the net profit of 282.7 million yuan that it posted for Q4 2025.

 

For Q1 2026, Nio&rsquo s loss per share stood at 0.2 yuan, up from a loss of 3.29 yuan per share a year earlier, the group&rsquo s unaudited financials released on Thursday (May 21) showed.

 

Revenue came in at 25.5 billion yuan, an increase of 112.2 per cent from 12 billion yuan in the year-ago period.

 

This came as vehicle sales jumped 129.2 per cent to 22.8 billion yuan on higher delivery volumes and a higher average selling price driven by a favourable product mix.

 

The EV maker delivered 83,465 vehicles in Q1, up 98.3 per cent from the 42,094 cars delivered a year earlier.

 

The deliveries comprised 58,543 vehicles from its premium brand Nio, 13,339 from its family-oriented brand Onvo, and 11,583 from its Firefly brand.

 

Vehicle margin rose to 18.8 per cent from 10.2 per cent a year earlier. Overall gross margin also improved to 19 per cent, compared with 7.6 per cent in Q1 2025.

 

Other sales grew 31.2 per cent to 2.75 billion yuan. This was mainly due to an increase in the sales of parts, accessories and after-sales vehicle services, the provision of power solutions, and higher revenues from car financing services.

 

Giving its outlook for Q2, Nio said it expects to deliver between 110,000 and 115,000 vehicles, representing an increase of 52.7 to 59.6 per cent from the previous corresponding period.

 

It expects Q2 revenue to be between 32.78 billion and 34.44 billion yuan, representing a year-on-year increase of 72.4 to 81.2 per cent.

 

William Li, founder, chairman and chief executive officer of Nio, said that the company has &ldquo entered an intensive new product launch and delivery cycle&rdquo starting in Q2.

 

Stanley Yu Qu, Nio&rsquo s chief financial officer, noted that the group&rsquo s other sales margin reached a four-year high of 20.6 per cent.

 

&ldquo Looking ahead, we will further enhance cost and operational efficiency while strengthening our sustainable business capabilities,&rdquo he added.

CATL will supply 100 kWh batteries to the Nio brand and 85 kWh batteries to the Onvo brand, says CnEVPost

 

[SINGAPORE] Shares of Chinese electric vehicle (EV) maker   Nio   : NIO +5.65% on the Singapore Exchange soared as much as 6.7 per cent on Monday (Dec 29) on the back of a report that it will be relying more on CATL batteries.

 

The counter climbed as high as US$5.29 as at 10.19 am on Monday, having closed on Dec 26 at US$4.96. It later pared some gains to close 5.6 per cent up at US$5.24.

 

Industry publication CnEVPost on Dec 27 said Nio had ended a battery supply agreement with BYD battery unit FinDreams, citing local publication 36Kr&rsquo s report based on industry sources. 

 

These 85 kilowatt-hour (kWh) batteries had been meant for the L60 sports utility vehicle (SUV) sold by Nio&rsquo s Onvo brand, but orders had been reportedly insufficient to support multiple suppliers. Instead, the L60 will now use batteries from CATL, the world&rsquo s largest EV battery supplier.

 

The 100 kWh batteries meant for the Nio brand itself will now also be supplied by CATL, having previously been supplied partly by CALB, said CNEvPost.

 

CATL and Nio have worked together since Nio was founded in 2014, having been its primary battery supplier. 

 

In 2020, the two companies established the joint venture Mirattery with other entities to handle Nio&rsquo s battery assets. 

 

Mirattery itself completed a Series C funding round of nearly one billion yuan (S$183 million) in total on Friday, which followed a November Series C round worth 670 million yuan.

 

Nio on Monday hit a 40,000-deliveries milestone for its ES8 SUV, just 11 days after crossing the 30,000-deliveries mark. The third generation of the electric car model was launched just 100 days ago.

 

In October, Singapore&rsquo s sovereign wealth fund GIC filed a lawsuit against Nio and its top executives, alleging that the electric vehicle manufacturer unlawfully recognised immediate revenue of more than US$600 million from a battery asset and leasing joint venture.

 

The company, in a bourse filing on Nov 25, reported a net loss of 3.5 billion yuan for its third quarter ended Jun 30, 2025.

 

This narrows its losses from 5.1 billion yuan in the corresponding year-ago period. 

Both its Hong Kong-listed shares and those traded on the SGX jump on Friday

 

[SINGAPORE] Shares of Chinese electric-vehicle (EV) maker Nio rose by 4.2 per cent on Friday (Sep 19) on the Singapore Exchange (SGX), after the company announced the completion of its US$1.2 billion share sale in a bid to drive its EV research and development.

 

The company, which has a secondary listing on SGX, saw its stock soar as much as 6.4 per cent in late morning before paring its gain to close at US$7.50, up US$0.30. 

 

On the Hong Kong Exchange, Nio shares rose 4.5 per cent to HK$58.65. 

 

The Shanghai-based carmaker said on Thursday that a total of 209 million Class-A ordinary shares of the company was on offer. This consisted of around 161 million American depositary shares (ADS), nearly 21 million Class-A ordinary shares of Nio, and more than 27 million ADS pursuant to the underwriters&rsquo full exercise of their option to purchase additional ADS on Sep 10. The ADS was sold at a public offering price of US$5.57 each, and HK$43.36 per Class-A ordinary share.

 

Net proceeds from the sale will be used to develop future vehicle platforms and models, expand its battery swopping and charging network, and invest in EV research and development. They will also be used to further strengthen its balance sheet, and for general corporate purposes, said the group. 

 

This is the second share sale by Nio in 2025, after the company raised HK$4 billion (S$658.8 million) in March, reported Bloomberg News previously. 

The Shanghai-based EV maker will sell as many as 181.8 million new shares at HK$42.86 to HK$44.46 each

 

[HONG KONG] Chinese electric-vehicle maker Nio plans to raise about US$1 billion through a share sale to fund its growth.

 

The Shanghai-based EV maker will sell as many as 181.8 million new shares at HK$42.86 to HK$44.46 each, according to terms seen by Bloomberg News. That means the share sale could raise as much as US$1 billion.

 

Nio said it will use the proceeds to develop future vehicle platforms and models, expand its battery swapping and charging network, and invest in research and development.

 

The company, which has not posted a profit since it was founded in 2014, has had to contend with a long-running price war and overcapacity in China&rsquo s EV market. 

 

The brand is known for its battery swap model, which allows drivers to quickly change depleted cells with a fully charged battery in minutes. But that also means the company has to build expensive battery swap stations.

 

The carmaker said in June that it&rsquo s aiming to reduce its research and development spending by as much as 25 per cent to help reach its break-even target by the fourth quarter.

 

This is the second share sale by Nio this year, after the company raised HK$4 billion (S$658.8 million) in March. 

 

Its American depositary receipts in New York fell in US premarket trading after the announcement. They had climbed about 41 per cent since mid-August.

 

Morgan Stanley, UBS Group and Deutsche Bank are arranging the latest offering.

Prices of the Chinese EV maker&rsquo s latest flagship vehicle start from 308,800 yuan with a battery subscription plan

[SINGAPORE] Shares of electric vehicle (EV) manufacturer Nio : NIO +8.38% rose by more than 9 per cent in early trade on Friday (Aug 22) on the back of its unveiling of a new ES8 sport utility vehicle (SUV).

 

The counter jumped 7.2 per cent to US$5.63 at 9.03 am, before easing to US$5.60. By 9.31 am, it had climbed to US$5.71 it then rose to US$5.77 a minute later, up 9.9 per cent on the day.

 

The Chinese EV maker on Thursday unveiled its All-New ES8 and opened the new flagship model for pre-orders. Six- and seven-seater variants of its &ldquo executive premium edition&rdquo are priced from 416,800 yuan (S$74,825), or from 308,800 yuan with a battery-as-a-service subscription plan from Nio.

 

Mainboard-listed Nio said the All-New ES8 is the largest battery electric SUV in China. 

 

It will be powered by the company&rsquo s latest 900-volt full-domain high-voltage architecture and a standard 102 kilowatt-hour (kWh) battery. Its dual motors generate 520 kW of power and 700 Newton-metres of peak torque, requiring 3.97 seconds to accelerate from a standstill to 100 km per hour.

 

The first generation of the ES8 was unveiled in December 2017, with production beginning in 2018. 

 

The All-New ES8 will be launched in late September 2025, the company said, adding that user deliveries will begin upon its launch.

 

The Business Times reported on Monday that Nio has appointed motor vehicle retailer Wearnes Automotive as its distributor in Singapore, in addition to a Malaysian distributor expected to be signed soon.

 

The move signals a step towards the EV maker&rsquo s debut in South-east Asia, on top of plans for wider global expansion. 

 

Nio said on Monday that retail operations in Singapore will begin in the first quarter of 2026.