| (Values in U.S. Thousands) | Dec, 2025 | Sep, 2025 | Jun, 2025 | Mar, 2025 | Dec, 2024 |
| Sales | 4,954,920 | 3,061,370 | 2,653,510 | 1,658,430 | 2,571,260 |
| Sales Growth | +61.85% | +15.37% | +60.00% | -35.50% | -3.37% |
| Net Income | 40,430 | -492,400 | -696,990 | -929,700 | -925,640 |
| Net Income Growth | +108.21% | +29.35% | +25.03% | -0.44% | -28.62% |
Nio Inc ADR (NIO)
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NIO is a pioneer in China's EV market. NIO's unique selling proposition is to provide EVs at competitive pricing. Importantly, NIO does not really manufacture its own cars. It contracts state-owned JAC Motors, headquartered in eastern China's Anhui province, to make vehicles. In turn, JAC charges fee for every car. In fact, NIO does not have a dealership network and instead sells its vehicles through apps and a network of swanky NIO Houses, located in some of the most expensive areas of China's largest cities.
Fiscal Year End Date: 12/31