Nio hits 1 million-vehicle milestone, targets 40-50% annual sales growth
Nio announced that its one millionth production vehicle rolled off the assembly line at the Nio Advanced Manufacturing Xinqiao Second Factory in Hefei, Anhui, on January 6, 2026. The company reported that 2025 deliveries reached 326,028 units, a year-on-year increase of 46.9%, setting a new annual record.
At the milestone event, Nio’s founder, chairman, and CEO, Li Bin, outlined the company’s plans. He stated that Nio aims to maintain annual sales growth of 40%-50% and to expand its charging and battery-swapping stations to more than 10,000 units by 2030. As of early January 2026, Nio operates 3,682 battery swap stations and 4,860 charging points. The fifth-generation battery swap stations, compatible with Nio, Onvo, and Firefly models, are scheduled to begin construction in 2026, with a target of at least 1,000 units.
Li also highlighted broader market expectations for the next five years, projecting that by 2030, China’s new energy vehicle penetration will exceed 90%, with pure electric vehicles accounting for more than 80% of sales. He emphasized operational efficiency as critical to long-term competitiveness in the automotive sector.
Nio president Qin Lihong discussed retail and service strategies for 2026. The company plans to focus on mid- to high-end large models while expanding its sales network into lower-tier cities. The first comprehensive stores offering Nio, Onvo, and Firefly models are scheduled to open before the Lunar New Year. Qin also confirmed continued investment in charging and battery swap infrastructure.
During media discussions, Li noted that rising memory chip prices present significant cost pressures due to competition from AI, computing, and mobile sectors. He stated that the increased costs have not yet been passed on to vehicle pricing and encouraged early purchases. He expressed confidence in Nio’s operational management, citing detailed financial oversight, and indicated that fourth-quarter 2025 profitability would be determined after final audits. In Q4, Nio delivered 124,807 vehicles, up 71.7% year over year, with all three brands achieving quarterly delivery records.
In addition to production milestones, Nio signed cooperation agreements with Chery, JAC Motors, and Longsys Semiconductor to establish an automotive industry collaborative innovation platform in Anhui, supporting local technology sharing and industrial coordination.
Nio’s global operations include its international headquarters in Shanghai, China; headquarters in Hefei; a global software R&D center in Beijing; electric drive system manufacturing in Nanjing; and an energy division in Wuhan, with design and innovation centers in Germany.
