NIO lost 11.7 billion and accumulated a loss of 130 billion

China's NIO New Energy Vehicles incurred a loss of 11.7 billion yuan, with accumulated losses reaching 130 billion yuan.

NIO, which is determined to achieve profitability in the fourth quarter, has released another alarming financial report.

Recently, NIO disclosed its financial results for the second quarter of 2025, with a net loss of RMB 4.9948 billion (USD 697.2 million). Earlier, the first-quarter financial report showed that NIO's net loss in Q1 was RMB 6.75 billion. Adding the RMB 5 billion loss in Q2, NIO has suffered a total loss of approximately RMB 11.7 billion in the first half of the year.

Another less optimistic figure is that NIO currently has total liabilities of RMB 93.4 billion and total assets of RMB 100 billion, resulting in an asset-liability ratio of 93%—far exceeding the industry warning line of 70%, and much higher than Xpeng's 67% and Li Auto's 54%.

Furthermore, in June this year, 17 domestic automakers collectively committed to shortening supplier payment terms to no more than 60 days to ease the cash flow pressure on parts enterprises, and NIO was among them. However, according to relevant calculations, the turnover days of NIO's accounts payable and notes payable in the first half of the year did not meet this standard.

It is worth noting that from 2016 to Q2 2025, NIO's cumulative net loss has exceeded RMB 130 billion. Based on the current loss rate and the cash reserve of RMB 27.2 billion disclosed in the financial report, the remaining cash on the books may not last long.

Time is running out for NIO! One can't help but wonder: with a loss of RMB 130 billion, where exactly has all the money gone?

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In theory, we can't lose that much. Is it corruption or high research and development costs?

这样能不亏么

Eloise 发表于 2025-9-13 05:28
这样能不亏么

Don't worry, the ES9 will be even more expensive than the ET9 next year, and it's a car model that can't make ends meet. He spends all his R&D expenses on developing these unsold cars

In my personal opinion, NIO's biggest problem is battery swapping. Firstly, there is the issue of battery compatibility. NIO has three models with multiple battery models that are not compatible with each other, let alone compatible with batteries from various car manufacturers. Secondly, there is the cost of battery swapping, and the profit model is insufficient. NIO bears the loss and maintenance costs of batteries. Thirdly, the battery swapping capacity is questionable. Charging stations can address the charging problem by increasing power and building more stations. A battery swapping station can have several batteries, and there are also difficulties in swapping multiple vehicles. Finally, replacing the battery is not a pain point for car owners. So, personally, I believe that although battery swapping has many benefits, its drawbacks are too fatal. NIO needs to get rid of battery swapping, focus on the vehicle itself, and make efforts in the pure electric field.

Casey 发表于 2025-9-13 05:29
In my personal opinion, NIO's biggest problem is battery swapping. Firstly, there is the issue of ba ...

There's no need to analyze so much, battery swapping is already a dead end game. Even if all cars are universal, he cannot change the idea that people love to take advantage. It is impossible for new car owners to replace the new battery. Old car owners who replace the old battery will not replace it again. NIO needs to continuously invest in new batteries. Otherwise, you're just an old battery circulating, who would go and replace it

No problem, as long as the old car owner pays 10000 yuan per year, it can stabilize the situation

The investment in battery swapping stations is too high, the ownership benefits of old cars are too much, and the income from heavy assets is not sufficient. A third-party company should be established to acquire NIO's battery swapping stations from left to right. If the ownership is not owned by NIO, it can charge old car owners. Each city only retains a few NIO's own battery swapping stations to avoid the free battery swapping rights of old car owners. Further absorb car owners' funds through methods such as battery replacement deposits to enhance the liquidity of enterprise funds.

Mandy 发表于 2025-9-13 05:29
The investment in battery swapping stations is too high, the ownership benefits of old cars are too  ...

我60w买的es8，反而成了蔚来的拖累

NIO has built 15 battery swapping stations on the Sichuan Tibet Highway, with a construction cost of 2 million yuan per station and an annual operating cost of several hundred thousand yuan per station. In this area of the Sichuan Tibet Highway, the cost is even higher, and there are also research and development expenses to develop some useless functions. I understand these so-called expenses as advertising and marketing expenditures. Used to deceive fools