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On May 21, NIO unveiled its financial performance for the first quarter of 2026. According to the report, NIO secured an operating profit of 66.8 million RMB during this period, marking its second consecutive quarter of profitability. The company's total revenue soared to 25.53 billion RMB, reflecting a substantial year-on-year surge of 112.2%. Meanwhile, gross profit climbed to 4.86 billion RMB, experiencing a remarkable year-on-year leap of 428.4%. Notably, NIO's overall gross margin, vehicle gross margin, and gross margin for other sales all soared to four-year peaks, reaching 19.0%, 18.8%, and 20.6%, respectively. Furthermore, the company's cash reserves expanded to 48.2 billion RMB in the first quarter, accompanied by a positive operating cash flow for three straight quarters.
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