NIO Stock Analysis (November 2025): Record Deliveries Fuel Optimism Amid Profit Push
NIO delivered a record 40,397 vehicles in October 2025, surpassing Tesla’s retail sales in China for the first time. The company’s deliveries rose 92.6% year-on-year, driven by strong demand for its ONVO and FIREFLY brands. Despite rapid growth, NIO posted a Q2 net loss of RMB 4.99 billion and continues to face negative margins and high debt. Cumulative deliveries now exceed 913,000 units.