During NIO's Q3 2025 earnings call, founder Li Bin expressed the company's strong confidence in reaching profitability in the fourth quarter, which has been set as a core operational objective. This assurance is largely rooted in the remarkable market performance of its high - margin models, with the all - new ES8 in particular enjoying a robust order volume. Although the Onvo brand has faced some headwinds due to a decrease in trade - in subsidies, the overall effect on the company's gross profit has been relatively contained.

The financial figures released for the third quarter reveal that NIO reached unprecedented levels in terms of delivery volume, total revenue, comprehensive gross margin, and vehicle gross margin. Moreover, its cash reserves saw a quarter - over - quarter increase. Notably, this marks the first time that both operating cash flow and free cash flow have turned positive. Looking towards the fourth quarter, NIO anticipates that both its delivery volume and revenue will soar to new peaks.