NIO Inc ADR

NIO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Nio Earnings: First-Ever Operating Profit Driven by Strong Vehicle Volume and Operating Leverage

Vincent Sun

Mar 11, 2026

Nio’s fourth-quarter revenue grew 76% year on year, beating the high end of its previous guidance. Despite price competition, product mix optimization led to a 5% gain in vehicle pricing, which also led to vehicle margin improvement.

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NIO Inc ADR

Nio Earnings: First-Ever Operating Profit Driven by Strong Vehicle Volume and Operating Leverage

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