Chinese EV maker Nio expects to post first adjusted operating profit

Feb 5 (Reuters) - Chinese ⁠electric-vehicle maker Nio ⁠said ‍on Thursday it expects to post its first-ever adjusted operating profit in the fourth quarter ‍of 2025, driven by higher vehicle sales and ​cost cuts.

The company's U.S.-listed shares rose more than 8% in premarket ​trading.

Nio expects quarterly adjusted operating profit of 700 million yuan ($100.84 million) to 1.2 billion yuan ($172.88 million), compared with an adjusted operating loss ​of 5.54 billion yuan a year earlier.

The company attributed the turnaround primarily to a sharp increase in ​deliveries during the quarter, a more favorable product mix that lifted vehicle ‌margins, and continued efforts to cut costs and improve operational efficiency.

It delivered 124,807 vehicles in ​the fourth quarter, up 72% from ⁠a year earlier.

Nio has been streamlining operations amid intense competition and a prolonged price ‌war in China's crowded EV market.

For the full year, the company delivered 326,028 vehicles, up 47% from a year earlier, ‌driven largely by strong demand for its premium models, including the ‌ET5 and ES6.

Nio also began deliveries of its lower-cost Firefly subcompact EV midway through the year, broadening its customer base and ‍adding incremental volume.

The company last month vowed to continue to advance its business operations in ⁠Europe after the European Commission set out the conditions for China-made EV makers to replace EU tariffs with minimum price plans.

($1 = 6.9414 Chinese yuan renminbi)

(Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)

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