
Nio to hit 1 million car production milestone 'in days,' says William Li in internal letter

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Nio Inc is set to achieve a significant milestone by rolling out its one-millionth vehicle next week, as announced by CEO William Li in an internal letter. The company reported a record delivery of 48,135 vehicles in December 2025, totaling 326,028 for the year, marking a 46.88% increase year-on-year. Li anticipates that by 2030, China's NEV penetration rate will exceed 90%, with BEVs making up over 80% of NEVs. Nio plans to expand its international presence to 40 countries by 2026 and will invest in over 1,000 new battery swap stations.
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