Nio achieved record-high deliveries in 2024, delivering 72,689 vehicles in Q4 and 221,970 units for the full year — a 38.7% YoY increase. Q4 revenue rose 15% to 19.7 billion RMB ($2.74 billion), while full-year revenue reached 65.73 billion RMB ($9.14 billion), up 18.2%. Despite strong sales, Nio’s Q4 net loss widened to 7.112 billion RMB ($990 million), marking its largest quarterly loss to date. Full-year net losses totaled 22.402 billion RMB ($3.12 billion). The company maintains cash reserves of 41.9 billion RMB ($5.83 billion) and expects sufficient resources to sustain operations for the next 12 months. Nio aims to achieve profitability by Q4 2025.