{
  "id": 4863919,
  "title": "Nio Q2 net loss narrows 89.4% to 528 million yuan on higher revenue",
  "url": "https://urgent.news/2026/09/01/nio-q2-net-loss-narrows-89-4-to-528-million-yuan-on-higher-revenue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T12:35:27.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/nio-q2-net-loss-narrows-89-4-528-million-yuan-higher-revenue"
  },
  "original_language": "en",
  "account": "Chinese EV manufacturer Nio reported a narrower net loss of 528 million yuan in its second quarter ended June 30, 2026, compared to the 5 billion yuan loss during the same period last year. The company's top-line revenue grew 69.1 percent year on year to 32.1 billion yuan, up 25.9 percent from 25.5 billion yuan in Q1. Vehicle sales soared 80.1 percent year on year and 27.5 percent quarter on quarter, reaching 29.1 billion yuan. Nio's growth was driven by its premium Nio brand, Onvo family brand, and high-end compact Firefly brand. Gross profit surged 211.3 percent year on year and 21.6 percent quarter on quarter to 5.9 billion yuan, with a gross margin of 18.4 percent. Research and development expenses fell 28.7 percent year on year to 2.1 billion yuan, while selling, general, and administrative expenses increased 11.6 percent to 4.4 billion yuan. Nio expects Q3 vehicle deliveries to range between 108,000 and 111,000 units, marking a year-on-year growth of 24 to 27.5 percent.",
  "summary": "Vehicle sales for Q2 stood at 29.1 billion yuan, up 80.1% year on year and 27.5% higher than in Q1",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}