NIO to Sustain R&D Investment, Target Non-GAAP Profitability in 2026

Published: Mar 11, 2026 11:50

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On the evening of March 10, NIO CFO Qu Yu said on the company’s Q4 and full-year 2025 earnings call that in 2026, the company would maintain quarterly R&D investment of 2 billion yuan to 2.5 billion yuan, continue to improve R&D efficiency based on the CBU operating mechanism, and dynamically adjust the pace and level of R&D investment according to operating conditions and the ROI mechanism, so as to ensure investment intensity in key products and core technologies. At the same time, Qu Yu said that, based on the company having five large SUVs on sale this year, as well as the strong gross margin performance of larger vehicles, NIO would strive to achieve full-year Non-GAAP profitability in 2026.

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