Nio Reports 8.1% Annual Loss as Shares Fall, Expects Breakeven by End of 2025 with Sales Volume Doubling and New Model Launches

Nio Inc. reported a widening annual net loss of 8.1%, prompting a decline in its shares. The company anticipates reaching breakeven by the end of 2025, with expectations of doubling sales volume compared to the previous year. Nio plans to launch nine new models under three brands, including the highly anticipated ET9, which is set to begin sales. The CEO, William Li, indicated that the main brand will introduce a significant model in Q4 2025, while Onvo is expected to start deliveries of a new model, potentially named L80, in the same quarter. Additionally, the Onvo L90 will be unveiled at the upcoming Shanghai auto show. Nio aims to enter 25 countries and regions this year, with no reported issues in its expansion plans. However, Li cautioned that failure to achieve profitability in Q4 could pose a major challenge for the company's long-term viability.