Nio stock hits 2025 low despite 69% revenue surge as losses persist

Nio stock fell to its lowest level since July 2025, dropping over 40% from its yearly high to $4.20, after the Chinese electric vehicle maker reported continued quarterly losses despite strong revenue growth. Revenue surged 69% year-over-year to $4.7 billion in the second quarter, with gross margins improving to 18.4% from 10.3% a year earlier. However, the company posted a net loss of $77.8 million, and the stock broke below key technical support at $4.40. The decline reflects broader weakness across Chinese EV makers, including BYD, XPeng, and Li Auto, which also fell despite solid results. Nio expects third-quarter deliveries between 108,000 and 111,000 vehicles, with revenue growth exceeding 50% year-over-year.