Nio Delivers 35,486 Vehicles in March, Up 136% Year-on-Year

On April 1, Nio announced its March 2026 delivery results: 35,486 vehicles, up 136.0% year-on-year and 70.6% month-on-month. Nio brand delivered 22,490 vehicles (up 120.1%), Onvo delivered 6,877 (up 42.7%), and Firefly delivered 6,119 (up 130.3%). First-quarter deliveries reached 83,465 vehicles, up 98.3% year-on-year, with cumulative deliveries surpassing 1.08 million units.

Strong March Performance

March deliveries of 35,486 vehicles represent strong growth across all three brands. The Nio ES8 was a highlight, delivering 16,255 units in March and claiming the title of best-selling large SUV (all powertrains, all price segments) for three consecutive months. The 80,000th ES8 was delivered on March 20, just 181 days after its launch. Onvo L90 monthly deliveries grew 155.1% month-on-month, pushing Onvo's cumulative deliveries past 140,000 units. Firefly delivered its 50,000th vehicle on March 29.

First Quarterly Profit Achieved

On March 10, Nio reported its Q4 and full-year 2025 results, announcing Q4 operating profit of RMB 1.25 billion—the company's first quarterly profit. Q4 cash reserves reached RMB 45.9 billion, up nearly RMB 10 billion quarter-on-quarter. The Q1 2026 delivery figures exceeded the company's guidance of 80,000-83,000 units.

New Model Blitz

From April 2, Nio will launch multiple new models. The 2026 ES6, EC6, ET5, and ET5T launch April 2 with design, configuration, and ADAS upgrades. The ES9 technology launch is scheduled for April 9. The Onvo L90 2026 model, featuring a LiDAR flagship ADAS version, launches in late April, followed by the Onvo L80. Firefly will also receive a refresh.

Hong Kong Perspective

For Hong Kong users, Nio's strong performance in the mainland builds brand recognition. The ES8's success demonstrates competitiveness in the premium large SUV segment. The expanded product lineup, from entry-level to flagship, offers more choices. Nio's battery-swapping network in Hong Kong provides a unique advantage. The company's intelligent driving and smart cockpit technologies are key differentiators. Achieving profitability strengthens long-term sustainability, ensuring continued investment in service and technology.

Personal Opinion: From Scale to Profitability

Nio's March results and first quarterly profit mark a significant transition. The ES8's consecutive sales leadership proves domestic premium SUVs can compete at the highest level. Onvo and Firefly's growth show the effectiveness of Nio's multi-brand strategy. For Hong Kong users, Nio offers a compelling blend of technology, service, and quality. The upcoming model launches are dates worth watching. As Nio's momentum continues, its presence on Hong Kong's streets will likely grow.

The company's focus on user experience and technological innovation positions it for continued success. The ES9 launch and new model introductions will be key events to watch. For Hong Kong, this represents an exciting expansion of choices in the premium EV segment. Nio's progress demonstrates that Chinese EV makers can build sustainable, profitable businesses while delivering world-class products. The brand's commitment to innovation and customer experience sets it apart. Its journey from scale to profitability is a significant milestone.