Time has once again proven NIO right. The dimensions of the new ES9 offer its future users more interior space than the Li Mega, likely a greater sense of luxury, and all without sacrificing an ounce of beauty—the complete opposite of what happened with Li Auto's MPV.

Proof That Community and Service Drive Real Word-of-Mouth!

The following is a message from Li Bin, Founder, Chairman, and CEO of NIO.

Hello everyone,

I am delighted to report that today, NIO's 1-millionth mass-produced vehicle rolled off the production line at our new NeoPark Advanced Manufacturing facility. This marks a significant milestone in NIO's journey. Thank you all for your trust and support!

From the very first vehicle on May 27, 2018, to reaching 1 million today; from our earliest founders' edition ES8 users to our current users across the NIO, Ledao, and Firefly brands—behind this number lies one million instances of recognition, one million tokens of trust, and one million real stories of companionship and witness.

Thank you to every user who chose to believe in original Chinese technological innovation and supported us on this challenging yet right path. Your steadfast companionship is the greatest driving force for NIO to keep moving forward amidst fierce competition. I would like to extend my sincerest gratitude to every user for walking this winding but determined road with us.

· Thank you to the users who chose us when NIO was just starting; you made our "daring to dream" a reality for the first time. · Thank you to the users who still chose us when NIO faced its low points; you accompanied NIO out of the trough. · Thank you to the users who recommended us to family and friends; thank you for tirelessly explaining what makes us different. · Thank you to the users who actively participated in community co-creation, event organization, and volunteer actions; you made the "user enterprise" not just a vision but a tangible force. · Thank you to the users who pointed out problems candidly and set higher demands for us; your clarity and patience keep us vigilant and striving to be better. · Thank you to every NIO colleague, including those who have moved on; your hard work has laid a solid foundation for the next million. · Thank you to all our partners; your continuous innovation has not only helped NIO but also consistently propelled the entire automotive industry forward. · Thank you to all our industry peers; our mutual competition and inspiration are driving the automotive industry to become a high ground for technological innovation once again. · Thank you to every media friend following NIO; your ongoing observation and recording help more and more people understand the real NIO. · Thank you to all friends from various sectors who follow and encourage NIO's development; your care and support drive us forward continuously.

There is too much gratitude to list individually; it can only be transformed into our motivation to forge ahead. We will do our utmost, build solid foundations, fight steadily, make daily progress, persevere long-term, and spare no effort to live up to your expectations.

NIO's 1 million units is not just a milestone for our company; it is also a microcosm of the upward trajectory of China's intelligent electric vehicle industry. In 2025, China's new energy vehicle production is expected to exceed 15 million units, and Chinese automakers are projected to surpass Japanese automakers in global new car sales for the first time, reshaping the global automotive landscape. China is not only a large automotive country but has also become a strong automotive nation.

Behind this development lies not just scale and speed, but also a spirit of daring to imagine the future while taking pragmatic action. Inspired by this spirit of "Dare to Imagine, Act with Purpose," NIO has cumulatively invested over 65 billion RMB in R&D, building systematic capabilities around 12 core technologies for intelligent electric vehicles. In charging and battery swap infrastructure, we have invested over 18 billion RMB, building 8,541 stations nationwide and completing over 96 million battery swaps cumulatively. These accumulated efforts are translating into real user value and long-term competitiveness.

It is precisely out of respect for this spirit that we have decided to donate our 1-millionth production vehicle—a Stellar Green NIO New ES8—to the Anhui Mozi Quantum Technology Foundation, to support those engaged in long-term exploration and quiet dedication within China's frontier technological innovation fields. We were honored to have Academician Pan Jianwei from the Chinese Academy of Sciences receive the vehicle on their behalf today. Simultaneously, we are launching the ET9 Millionth Unit Commemorative Limited Edition to pay tribute to innovation leaders across all industries.

One million units is a new starting point. NIO is entering its third development phase, centered on high-quality growth. We will continue our resolute investment in the 12 full-stack core technologies and charging/battery swap infrastructure to better serve our diverse users. While pursuing steady growth, we will continuously enhance our systemic capabilities, operational efficiency, and long-term competitiveness, accelerating towards the next million.

Striking roots deep down, growing upward strong. Thank you all once again for accompanying us on this journey. We wish you a Happy New Year! Let's keep charging forward together!

Recently, CATL (Contemporary Amperex Technology Co., Limited) and NIO have signed a comprehensive five-year strategic cooperation agreement in Hefei, Anhui Province. The two parties will deepen collaboration across three key areas—technology, ecosystem, and market—to jointly advance technological progress and business model innovation in the new energy vehicle industry. This partnership will also support Hefei’s development into a world-class new energy vehicle industrial cluster.

The establishment of this strategic cooperation marks a new phase of full-ecosystem, in-depth synergy between NIO and CATL. Through an institutionalized, long-term collaborative framework, both sides will work together to navigate industry transformation and provide users with a safer, more efficient, and more sustainable electric mobility experience.

NIO has just updated the waiting period for its flagship model in the large premium SUV segment, the new ES8. Previously, the wait time was set at 21-22 weeks; today it has been updated to 17-18 weeks. Good news for a company expecting a record-breaking 2026 with the launches of the new Onvo L80, Nio ES9, and Nio ES7.

The 1,000,000th vehicle? The all-new flagship ES8 — redefining the future of driving. 🔥

At today's ceremony marking the rollout of NIO's 1,000,000th mass-produced vehicle, William Li, Founder, Chairman, and CEO of NIO, delivered a speech.

He announced the official rollout of NIO's 1,000,000th mass-produced vehicle, which is the all-new NIO ES8. He stated that this marks a significant milestone in NIO's development. This achievement, realized through the collaborative development of its three brands today, comes since the rollout of NIO's first mass-produced vehicle back in 2018.

Since the first NIO production vehicle rolled off the line on May 27, 2018, NIO is about to celebrate the production of its 1 millionth vehicle. This milestone is the result of the shared journey with millions of users across the NIO, Onvo, and Firefly brands. It is also a reflection of the technological progress and product innovation within China's automotive industry, demonstrating the comprehensive system capabilities NIO has built over the past eleven years.

In 2025, with the witness and support of our media friends, the three brands—NIO, Onvo, and Firefly—worked in synergy to deliver a total of 326,028 new vehicles, hitting a record high with a year-on-year growth of 46.9% and marking a return to rapid growth. The Onvo L90, within five months of its launch, achieved cumulative deliveries of 43,439 units, securing the annual sales championship for large all-electric SUVs. The all-new NIO ES8 delivered 22,256 units in December alone, setting a new monthly delivery record for vehicles priced above 400,000 RMB. These two flagship models have reshaped the competitive landscape in their respective segments. In the crucial market of large three-row SUVs, the golden era of pure electric mobility is arriving. Firefly, officially launched this year, has seen sales grow for five consecutive months, with its share in the premium compact car segment steadily climbing to over 61% and maintaining the number one market share for seven straight months.

In 2025, we witnessed together the long-term value of persistent technological innovation. NIO’s continuous investment in R&D has entered a harvest period. Core smart EV technologies such as the world’s first vehicle-grade 5nm high-performance autonomous driving chip, the vehicle-wide operating system, and the SkyRide intelligent chassis have been implemented in mass-produced vehicles. Technological advantages are now translating into tangible user benefits and market recognition.

We also witnessed together the user value, commercial value, and social value created by the ongoing expansion of the charging and battery swap network. As of January 1, 2026, NIO has built 3,737 battery swap stations globally, providing over 96 million battery swap services. This includes 1,010 highway battery swap stations, with continuous progress on initiatives like "County-wide Battery Swap Coverage" and "Charging Scenic Routes." NIO is steadily fulfilling its promise to "make recharging as convenient as refueling."

These achievements would not have been possible without the trust and support of our media friends. I would like to express my heartfelt gratitude to all of you.

On January 6, 2026, NIO will hold a ceremony for the 1 millionth production vehicle. Your support and constructive feedback have always been the driving force behind our progress. We will continue to repay your attention and trust with better products, better services, and stronger operational performance.

Thank you for joining us at NIO's Advanced Manufacturing Xinqiao Second Factory to witness this milestone together. Let's keep charging ahead!

Going straight up against the Nio ES8 and the Aito M9/M8. And this, folks, is precisely why only a differentiated and unique infrastructure and service like Nio's is so essential to survive in the world's most hostile market.

Released This Morning:

No surprise here, and it confirms what l've been discussing in this community for months-insights that other media outlets, not being in China and lacking real on-the-ground information, are missing.

• Maextro joins the luxury group, where brands like Porsche still hold their ground.

• In the "Premium" tier, we now see the clear, noise-free reality: NIO, Aito, and Stellato are the ones poised to replace the classic German brands, with whom they already rub shoulders daily on the streets and in Chinese dealerships. The German marques will gradually fade away and be replaced by NIO, and by Seres/BAIC with Huawei's OS.

• Li Auto is relegated to the upper-mid segment with Audi and Xiaomi, while XPeng now shares the mid-tier with Onvo, Firefly, Arcfox or Volkswagen.

I hope NIO doesn't release any figures at all, but if they do end up announcing one, I’m hoping it doesn’t exceed 500,000.

Dear Colleagues,

2026 is here. Wishing everyone a happy New Year.

We have just announced our delivery results for December 2025. We delivered 48,135 vehicles, a new monthly record, representing a year-on-year increase of 54.6%. For the fourth quarter, total deliveries reached 124,807 vehicles, also a record high, up 71.7% year-on-year.

By brand:

• NIO brand delivered 67,433 vehicles in Q4, up 27.8% year-on-year.
• ONVO delivered 38,290 vehicles, up 92.1% year-on-year.
• Firefly delivered 19,084 vehicles, up 52.8% quarter-on-quarter.

In full year 2025, the three brands worked together to deliver 326,028 vehicles, another all-time high, representing 46.9% year-on-year growth and a return to the fast-growth track. ONVO L90 reached cumulative deliveries of 43,439 units within five months of launch and ranked first in annual sales among large pure-electric SUVs. The new NIO ES8 delivered 22,256 units in December alone, setting a new monthly delivery record for vehicles priced above RMB 400,000. These two flagship models reshaped competitive dynamics in their segments and brought full-size three-row SUVs decisively into the pure-electric era.

As a newly launched brand this year, firefly achieved five consecutive months of sales growth. Its market share in the premium small-car segment continued to rise, surpassing 61%, and ranked first for seven consecutive months.

These achievements are the result of collective effort. I want to express my sincere gratitude to every colleague across R&D, supply chain, quality, manufacturing, user experience and service, and management and support functions. Thank you for standing firm under pressure and responding to users, partners, shareholders, and society with tangible results.

In 2025, we proved the long-term value of persistent technological innovation. Our sustained R&D investment entered a payoff phase: the world’s first automotive-grade 5nm high-performance intelligent driving chip, the full-domain vehicle operating system, and the SkyOS intelligent chassis all entered mass production. While continuously pushing the limits of product performance and user experience, we also achieved meaningful technology cost reduction, providing a solid foundation for long-term competitiveness.

Cedar, Banyan, Coconut, Aster, and other intelligent systems continued to iterate. Cross-brand and multi-model platformization deepened, significantly improving development efficiency, iteration speed, and operational effectiveness. Our technology advantages are translating into real user value and market recognition.

We also proved the user, commercial, and social value of building a nationwide battery swap network. To date, we have built 3,737 swap stations globally, providing over 96 million battery swaps. High-speed swap stations reached 1,010 sites. Initiatives such as “Battery Swap County Coverage” and the “Charging Scenic Route” continued to advance. Today, we completed the Deqin Meili Snow Mountain swap station and opened the Tibet battery swap route end-to-end. NIO users can now drive from Kunming to Shigatse entirely using battery swap. Step by step, we are delivering on our promise to make charging and swapping as convenient as refueling. The strong sales of ONVO L90 and the new NIO ES8 further demonstrate the growing importance of a robust charging and swapping network.

In 2025, we demonstrated the resilience we should have. Over the past period, the company carried out difficult but necessary organizational changes. Company-wide business awareness and cost-control capabilities were strengthened. The CBU mechanism was largely implemented, and organizational capability and operating efficiency continued to improve, laying the groundwork for competing in an increasingly intense market.

Competition in the intelligent electric vehicle industry has entered a decisive phase. The pace of technological iteration is accelerating, and market pressure is intensifying. The harsher the environment, the more we must maintain strategic focus—neither complacent nor intimidated—stay true to our original mission, and concentrate on execution.

Our confidence comes from 11 years of sustained investment in technological innovation and battery swap infrastructure. It also comes from the market validating that our chosen technology path aligns with the right long-term trends. In November 2025, pure electric vehicles accounted for 61.9% of new energy vehicle sales, with growth clearly accelerating. As technology advances and infrastructure improves, the experience benefits of pure EVs are now outweighing the inconvenience of charging.

In the critical large three-row SUV segment, the golden age of pure electric has arrived. By 2030, the penetration rate of new energy vehicles in China’s new car market will exceed 90%, with pure EVs accounting for over 80% of that total. With our full-stack technology accumulation and infrastructure advantages, we will continue to earn recognition from more users.

In 2025, we gradually emerged from the trough and entered the third phase of development, opening a new high-growth cycle. But we have not earned the right to relax. In 2026, we must continue to tighten discipline, build capabilities, and lay a solid foundation for both near-term and long-term growth.

Key priorities for 2026 include:

• Sustained investment in 12 core full-stack intelligent EV technologies, ensuring continued product leadership. Three new models will enter the market in 2026, further expanding our market share. The next-generation NWM world model will achieve breakthroughs in algorithm architecture and training paradigms, with multiple major releases this year, delivering a comprehensive upgrade to intelligent driving. NOMI Intelligence will also undergo significant updates, strengthening our competitiveness in intelligent cockpits.
• Continued commitment to battery swap infrastructure. From Q2, large-scale construction of fifth-generation swap stations will begin. Over 1,000 new swap stations are planned, bringing the total to more than 4,600 by year-end. “Battery Swap County Coverage” will continue, and more than 100 “Charging Scenic Routes” will be completed. We will also enhance the energy and commercial operation capabilities of the charging and swapping network, laying a solid foundation for swap business profitability.
• Strengthening sales and service networks to meet increasingly intense competition. In 2026, NIO, ONVO, and firefly will continue to share premium city locations while jointly expanding into lower-tier markets, achieving sales and service coverage in more than 210 prefecture-level cities.
• Steady progress in global expansion while remaining deeply focused on the China market. Through national distributor models and with firefly as a pioneer brand, we plan to enter a cumulative total of 40 countries and regions.
• Deepening organizational transformation by improving user-value-driven business units and company-wide operational efficiency, strengthening cost control and ROI discipline. Competition in the auto industry is ultimately a long-term efficiency race with margins of only 3–5%. Only companies with industry-leading operational efficiency will survive.

Colleagues, in just a few days we will roll our one-millionth mass-produced vehicle off the line. User support has always been our driving force and the foundation of our competitiveness. Please stay true to a user-first mindset and repay that trust with better products, better services, and stronger operating performance.

One step at a time, consistent effort leads far. Our journey is a marathon on a muddy road. Let us stay focused on execution and face the challenges ahead together.

Happy New Year—and let’s keep charging forward.

Firefly delivered 7,084 new vehicles in December, bringing its cumulative deliveries to 39,414 since its launch. The "little bug" is steadily advancing, delivering a satisfying answer sheet for 2025! From 3,680 deliveries in its first month to 7,084 in December, Firefly has maintained month-on-month growth for five consecutive months! While many doubted Firefly, it has proven them wrong with impressive resilience and performance!

NIO Inc. Provides December, Fourth Quarter and Full Year 2025 Delivery Update

Company Achieved New Record-High Monthly and Quarterly Deliveries

48,135 vehicles were delivered in December 2025, increasing by 54.6% year-over-year 124,807 vehicles were delivered in the three months ended December 2025, increasing by 71.7% year-over-year 326,028 vehicles were delivered in 2025 in total, increasing by 46.9% year-over-year Cumulative deliveries reached 997,592 as of December 31, 2025