Nio

Nio Inc recorded its second-highest monthly deliveries in November, though down from October as its Onvo sub-brand saw a month-on-month drop.

Nio needs to deliver about 20,000 third-generation ES8s in December to meet its target of 40,000 deliveries this year for the model.

Nio will spare no effort to achieve its target of turning a profit in the fourth quarter and accept any possibility, William Li said.

Analysts at CMB International believe Nio won't be able to break even in the fourth quarter, citing the difficulty in controlling sales and administrative expenses.

Nio will launch two new models in the second quarter of 2026 and one new model in the third quarter.

Firefly president said several days ago that the brand will enter the UK and Thailand in 2026.

Nio's third-quarter net loss decreased 31.2 percent year-on-year as R&D expenses fell 28 percent, while SG&A expenses remained largely flat from last year.

Nio will release its third-quarter 2025 earnings later today, having delivered a record 87,071 vehicles during the quarter.

Firefly will accelerate its global expansion, with next steps including entry into 17 additional countries across Europe, America, and Southeast Asia.

Nio introduces two new theme colors for the ET9 Horizon Edition, with a starting price of RMB 818,000 ($115,000) including the battery pack.