Nio Faces Delivery Shortfalls and Widening Losses in Q4 2024

The EV maker reports revenue growth and outlines plans for new models in 2025, while struggling with missed delivery targets and stock declines.

Nio reported a 15.2% increase in Q4 2024 revenue, reaching 19.7 billion yuan, but net losses widened to 7.11 billion yuan.
Vehicle deliveries for 2024 rose 38.7% year-over-year to 221,970 units but fell short of the company’s goal to double deliveries.
March 2025 delivery estimates of 13,945 to 15,945 vehicles are significantly below earlier targets, reflecting ongoing challenges for the Onvo sub-brand.
The company plans to launch new EV models and refreshed versions across its Nio, Onvo, and Firefly brands starting in April 2025.
Nio extended its partnership with CATL, securing a 2.5 billion yuan investment to expand its battery swap and charging infrastructure.