- Nio will use Firefly as its pioneering brand, expanding its international presence to 40 countries and regions in 2026.
- Li expects China’s NEV penetration rate to exceed 90 percent by 2030.
(A Nio ES6 displayed at the Shanghai auto show in April 2025. Image credit: CnEVPost)
Nio Inc (NYSE: NIO, HKG: 9866) is poised to roll out its one-millionth vehicle next week, marking a milestone for the 11-year-old Chinese electric vehicle (EV) maker.
“In just a few days, we will celebrate the rollout of our one-millionth mass-produced vehicle,” Nio founder, Chairman, and CEO William Li said in an internal letter to all employees welcoming 2026.
“User support has always been our driving force and confidence in winning the competition. Let us maintain our original commitment to being a user-centric enterprise, repaying user trust with better products, better services, and better operational performance,” Li said.
Data released yesterday by Nio showed it delivered a record 48,135 vehicles in December, bringing its full-year 2025 deliveries to 326,028 units — a 46.88 percent year-on-year increase.
Nio Inc Monthly Deliveries 2023-2025
Month
2023
2024
2025
January
8,506
10,055
13,863
February
12,157
8,132
13,192
March
10,378
11,866
15,039
April
6,658
15,620
23,900
May
6,155
20,544
23,231
June
10,707
21,209
24,925
July
20,462
20,498
21,017
August
19,329
20,176
31,305
September
15,641
21,181
34,749
October
16,074
20,976
40,397
November
15,959
20,575
36,275
December
18,012
31,138
48,135
Nio Inc monthly deliveries
2023
2024
2025
By the end of December, Nio’s cumulative deliveries since inception reached 997,592 units, nearing the one-million milestone, according to data compiled by CnEVPost.
Nio Inc Annual Deliveries 2018-2025
Year
Deliveries
2018
11,348
2019
20,565
2020
43,728
2021
91,429
2022
122,486
2023
160,038
2024
221,970
2025
326,028
Nio Inc annual deliveries
Li projected that by 2030, China’s new energy vehicle (NEV) penetration rate will exceed 90 percent, with battery electric vehicles (BEVs) accounting for over 80 percent of NEVs.
Li noted that in the first 11 months of 2025, BEVs contributed 61.9 percent of China’s NEV sales, growing significantly faster than extended-range electric vehicles (EREVs) and plug-in hybrid electric vehicles (PHEVs).
“Our 12 full-stack technological advancements, along with competitive advantages in charging and battery swapping, will gain increasing recognition from users,” he said.
Nio will continue investing in infrastructure development, launching large-scale deployment of its fifth-generation battery swap stations starting in the second quarter, Li said.
The company plans to add over 1,000 battery swap stations in 2026, bringing the total number of the facilities to more than 4,600 by year-end, he said.
Nio will continuously enhance the commercial operational capabilities of its charging and battery swap networks to lay the foundation for profitability in this business, Li said.
He also addressed overseas markets, noting the company will steadily advance its global expansion through the national distributor model.
Nio will use Firefly as its pioneering brand, expanding its international presence to 40 countries and regions by 2026, he said.
Nio’s stock has risen 26 percent this year. This article reviews the major events driving price movements.
