Nio Inc has reached a significant sales milestone with the delivery of its 110,000th third-generation ES8 SUV. The model has driven the company's continued profitability in the first quarter, with single-month deliveries expected to top 10,000 units again.
The ES8 has been a key factor in Nio's financial turnaround, contributing 45,185 new vehicles to the company's total deliveries in the first quarter and accounting for 54.14% of overall delivery volume.
This strong sales momentum is driven by consumer demand for electric vehicles, particularly in China where pure electric large three-row SUVs have surpassed extended-range models for eight consecutive months since September 2025.
The commercial success of the updated ES8 has also been a key factor driving Nio Inc's recent financial turnaround, with the high-margin model helping the company maintain its profitability trend in the first quarter.
Nio achieved an adjusted operating profit of 66.8 million yuan ($9.7 million) in the first quarter, marking its second consecutive quarter of profitability and demonstrating the company's ability to navigate industry headwinds.
The ES8 has a starting price of 406,800 yuan ($59,840), which is significantly higher than many other electric vehicles on the market, but its high margin has helped Nio maintain its financial stability.
With the launch of its new flagship SUV model, the ES9, expected to take place on May 27, Nio is looking to further boost sales and drive growth in the coming months.
The company's strategy of launching new models and expanding its product lineup is seen as a key factor in driving sales momentum and overcoming industry headwinds.
Nio's focus on electric vehicles and premium models is paying off, with the company poised for continued success in the Chinese market.
The increasing popularity of electric vehicles in China is driving a shift towards premium EV models like the Nio ES8.
