Nio (NIO) Q1 2026 (CNY): revenue 25.5bln, net income 43.5mln

Deliveries rose 98.3% Y/Y to 83,465 vehicles, comprising 58,543 NIO, 13,339 ONVO and 11,583 FIREFLY vehicles.  April deliveries were 29,356 vehicles, taking 2026 year-to-date deliveries to 112,821.  Vehicle sales USD 3.303bln; sees Q2 deliveries between 110-115k GUIDANCE:Sees Q2 revenue of USD 32.777-34.436blnCOMMENTARY: CEO says NIO had entered an intensive new product launch and delivery cycle CFO notes four straight quarters of vehicle margin improvement and positive adj. operating profit. NIO sees Q2 deliveries between 110,000-115,000 vehicles and sees Q2 revenue between USD 4.752-4.992bln