NIO Holds Q2 Vehicle Margin at 18.5%, Overall Margin at 18.4%
NIO reported a second-quarter overall gross margin of 18.4%, with vehicle gross margin steady at 18.5% despite rising raw material costs. Other sales contributed a 17.0% margin, while services and community-related businesses continued to add profits, according to CEO William Li.
On the evening of September 1, William Li, founder, chairman, and chief executive officer of NIO, said during the company's second-quarter 2026 earnings call that the overall gross margin for the quarter stood at 18.4%. Amid rising raw material costs across the industry, the vehicle gross margin held at 18.5%, while other sales achieved a gross margin of 17.0%. Services and community-related businesses continued to contribute to profitability.