Nio (NIO) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 21, 2026 astatine 10:04 AM CDT 37 min read

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DATE

Thursday, May 21, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Bin Li

• Chief Financial Officer — Stanley Qu

Full Conference Call Transcript

Bin Li: [Interpreted] Hello, everyone, and convey you for joining NIO Inc.'s 2026 Q1 net call. In Q1 2026, the institution delivered a full of 83,465 astute EVs, representing a year-over-year summation of 98.3%. Breaking it down by brand, NIO marque delivered 58,543 vehicles, maintaining its enactment successful China's BEV conception priced supra RMB 300,000. The ONVO marque delivered 13,339 vehicles, continuing to unlock its maturation potential. The FIREFLY marque delivered 11,583 vehicles, ranking #1 successful China's high-end tiny car segment. In April, the institution delivered 29,356 vehicles, up 22.8% year-over-year. Starting Q2, the 3 brands person entered an intensive merchandise motorboat and transportation cycle, which is expected to enactment continued accelerated transportation growth.

We expect the full deliveries successful Q2 to scope betwixt 11,000 and 11,500 units, representing year-over-year maturation of 52.7% to 59.6%. On the fiscal side, the company's gross borderline was 19% successful Q1, driven by a higher publication from higher-margin products, Vehicle borderline came successful astatine 18.8%, improving quarter-over-quarter for the 4th consecutive quarter. Margin for different sales, chiefly services and community-related businesses reached 20.6%, the highest level successful the past 4 years, with some concern standard and profitability achieving improvement. In Q1, the institution maintained affirmative non-GAAP operating nett and affirmative operating currency travel wherever currency reserves would summation to RMB 48.2 billion. NIO has remained committed to the BEV roadworthy representation portion continuously strengthening its systemic innovation capabilities.

Over the years, the institution has built distinctive competitiveness crossed technology, products, services and idiosyncratic assemblage operations. Supported by these capabilities, the merchandise and wide acquisition of NIO, ONVO and FIREFLY person gained wide exclamation among their respective people users. For the NIO brand, since transportation began successful precocious September 2025, the all-new ES8 reached 100,000 transportation milestones successful conscionable 215 days, mounting a caller transportation grounds among rider vehicles priced supra RMB 400,000 successful China. As of April this year, the ONVO ES8 had remained #1 successful some the ample SUV conception and the rider conveyance conception priced supra RMB 400,000 for 5 consecutive months, careless of powertrain types.

In aboriginal April, the 2026 ES6, EC6, ET5 and ET5T were launched and delivered, further addressing evolving idiosyncratic needs done enhanced merchandise offerings. On April 9, we officially on-road the caller ES9, our flagship enforcement SUV. The ES9 integrates aggregate industry-first technologies and class-leading features, redefining the standards of enforcement flagship SUVs and starring conception into the BEV era. The ES9 volition officially motorboat and statesman deliveries connected May 27, and we are assured that the ES9 volition acceptable a caller benchmark successful the flagship enforcement SUV marketplace priced supra RMB 500,000. For the ONVO brand, the L90 continued its beardown marketplace momentum successful Q1 2026, ranking #1 successful the ample SUV conception priced betwixt RMB 200,000 and RMB 300,000.