Chinese EV startup Nio logs first profit in Q4, eyes breakeven in 2026
Electric vehicles
Milestone comes after burning billions in decadelong battle for survival
A Nio ET9 sedan is displayed alongside other EVs at the Chinese carmaker’s booth at the Auto Shanghai show in April 2025. © Reuters
HONG KONG — Chinese electric vehicle startup Nio has turned a quarterly profit for the first time, after a decade spent burning through billions of dollars to survive cutthroat competition in the world’s largest auto market.
