Nio will roll out its one-millionth mass-produced vehicle on Tuesday at its F2 factory in Hefei, Anhui province, according to local media reports.
The company is preparing a ceremony to mark the milestone.
The timing aligns with comments made by founder and CEO William Li in an internal letter to employees on New Year’s Day.
“Colleagues, in just a few days, our one-millionth mass-produced vehicle will roll off the production line,” Li wrote in the letter, first reported by Chinese media outlet LatePost.
Nio delivered 997,592 vehicles as of December 31 across its three brands — Nio, Onvo, and Firefly — since handing over its first unit in June 2018.
The company produced its 900,000th vehicle in October, a month after opening its third factory in China. Cumulative deliveries stood at 913,182 units as of October 31.
Nio shares edged 0.8% higher on Friday to $5.14, the first trading day after the company reported record December deliveries and nearly reached the top end of its fourth-quarter guidance.
Global Expansion
In the internal letter, Li said the group will continue to enter new markets in 2026. Costa Rica, Australia, and Azerbaijan are among the countries Nio plans to expand to later this year.
“In 2026, while continuing to focus on the Chinese market, we will steadily advance global expansion,” Li wrote. “Through the national distributor model and with Firefly as the pioneering brand, we plan to cumulatively enter 40 countries and regions.”
Market Outlook
Li expressed confidence in the long-term outlook for fully electric vehicles, predicting they will dominate China’s auto market by the end of the decade.
“By 2030, new energy vehicles will account for over 90% of China’s new car market, with pure electric vehicles exceeding 80% of new energy sales,” Li wrote.
“Our 12 years of accumulated technological capabilities and advantages in charging and battery swap infrastructure will gain increasing user recognition,” he added.
In the first 11 months of 2025, pure electric vehicles accounted for 61.9% of the new energy market in China, with growth significantly outpacing hybrids and plug-in hybrids, according to the letter.
New Models
Li said Nio will launch three new models in 2026: a new flagship SUV called the ES9, the Onvo L80, and the next-generation ES7 — a five-seat SUV under the core Nio brand.
The CEO also highlighted upcoming improvements to Nio‘s intelligent driving systems, saying the Nio World Model “has achieved new breakthroughs in algorithm architecture and training paradigms, with multiple major versions launching this year.”
Delivery Results
Nio Group delivered 326,028 vehicles in 2025, up 47% from 2024.
The company reached a new monthly record in December with 48,135 units, including 31,897 from the core Nio brand, 9,154 from Onvo, and 7,084 from Firefly.
Fourth-quarter deliveries reached 124,807 units, landing within the company’s revised guidance of 120,000 to 125,000 vehicles — just 193 units below the high end.
Nio had originally targeted 150,000 units for the quarter before lowering guidance in November.
