During the Q1 2025 earnings call on June 3, Qu Yu, Chief Financial Officer of NIO, disclosed that with the introduction of new models—ES6, EC6, ET5, and ET5T—in the second quarter, the average transaction prices of new vehicles have risen. Additionally, the incorporation of self-developed chips is anticipated to slash approximately RMB 10,000 off the cost per vehicle. These combined factors are expected to propel the gross margin per car for the NIO brand to 15% in the second quarter.
