Chinese EV maker Nio (SGX:NIO
) says it achieved a new quarterly record for 4Q2025 when the number of vehicles it delivered increased 71.7% y-o-y to reach 124,807 vehicles, up from the 72,689 vehicles it delivered in 4Q2024.
In a Jan 1 bourse filing, Nio says its deliveries in December increased 54.6% y-o-y to reach 48,135 vehicles, a new monthly high. For the whole of 2025, the company’s total deliveries were up by 46.9% y-o-y reaching 326,028 vehicles. Nio’s cumulative deliveries as of Dec 31 2025 is 997,592 vehicles.
Nio is listed in New York, Hong Kong and Singapore. On Aug 28, Singapore’s sovereign wealth fund GIC filed a lawsuit against Nio in a New York district court alleging securities fraud. The lawsuit’s defendants include Nio as well as its CEO William Li and former CEO Feng Wei.
According to court documents, GIC says Nio inflated its revenue by setting up a battery asset company, Weineng, without disclosing its interest in it. GIC’s lawsuit says Weineng helped Nio recognise substantial revenue by purchasing leased batteries from it. At the same time, Weineng was helping to shift battery depreciation costs off Nio’s balance sheet. GIC had invested in Nio in 2017, as part of an RMB600 million ($110.3 million) round.
Nio's SGX quoted shares ended Dec 31 2025 at US$5.36 and are up 18.85% in the past 12 months.
