This article first appeared on GuruFocus.
NIO (NYSE:NIO) closed out 2025 with delivery figures that point to building momentum across its expanding lineup, after reporting record results for December, the fourth quarter, and the full year. The company said it delivered 48,135 vehicles in December 2025, a new monthly high that represented 54.6% year-over-year growth. That total reflected contributions from multiple brands, with 31,897 vehicles delivered under the premium NIO name, alongside 9,154 vehicles from ONVO and 7,084 vehicles from the FIREFLY lineup, suggesting broader traction beyond its core offerings.
Looking at the final quarter, NIO reported deliveries of 124,807 vehicles for the three months ended December 2025, marking a new quarterly record and an increase of 71.7% from a year earlier. For the full year, total deliveries reached 326,028 vehicles, up 46.9% year-over-year, while cumulative deliveries rose to 997,592 vehicles as of December 31, 2025. The pace of growth through year-end could indicate that demand strengthened as the company scaled its portfolio across different segments.
The company also pointed to progress at the model level, noting that the All-New ES8 surpassed 40,000 cumulative deliveries in December 2025. NIO said the vehicle set the fastest delivery record among battery electric vehicles priced above RMB400,000 in China, supported by its chargeable, swappable, and upgradable power network. Management suggested the ES8’s performance could reflect rising competitiveness in the large three-row SUV segment and continued user recognition in China’s premium electric vehicle market.