Nio Q4 Earnings Preview: CATL Battery Swap Deal, ONVO Vehicles Top Items To Watch

Chinese electric vehicle company NIO Inc NIO could provide a look at the Chinese auto market’s momentum when the company reports fourth-quarter financial results Friday before market open.

Earnings Estimates: Analysts expect NIO to report fourth-quarter revenue of $2.85 billion, up from $2.41 billion according to data from Benzinga Pro.

The company has missed analyst estimates for revenue in three straight quarters and four of the last five quarters overall.

Analysts expect NIO to report fourth-quarter earnings per share of 40 cents, down from a loss of 39 cents per share in last year's fourth quarter. The company has beaten analyst estimates for earnings per share in two straight quarters and four of the last five quarters.

Key Items to Watch: NIO's earnings report comes after the company recently announced a strategic partnership with Contemporary Amperex Technology Co., Ltd (CATL) for a battery-swapping network.

The new partnership is expected to see the two companies provide better recharging solutions to vehicle owners and expand on the battery swapping charging method that has been popular in China for years.

NIO has a network of charging and battery swapping stations that total more than 3,000 Power Swap Stations.

Investors will likely hear more about this new partnership and what it means for the company's future in the EV sector.

NIO previously reported 72,689 vehicles delivered in the fourth quarter, which was a new quarterly record.

While NIO will highlight this figure and the full-year totals again, investors will likely want to hear more about future deliveries and guidance.

NIO recently reported 13,192 deliveries for the month of February, which was up 62% year-over-year and down 4.8% from January.

In February, NIO delivered 9,143 NIO vehicles and 4,049 ONVO vehicles. ONVO is the company's new lower-priced EV brand launched in May 2024 that launched its first model in September.

Investors would love to hear more about the momentum of ONVO, which is expected to have a second vehicle launch later this year.

Another item to watch will be guidance and the discussion of reaching profitability. The company has recently placed a recent emphasis on this goal.

NIO Price Action: NIO stock is down 8.4% to $4.74 on Thursday versus a 52-week trading range of $3.61 to $7.71. NIO stock is up 4.1% year-to-date in 2025.

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