NIO Inc. Sponsored ADR Class A (NIO.US) CFO Qu Yu: Services and community-related business enter a new stage, hopes to maintain gross profit level around 20% this year.

On May 21st, Qu Yu, CFO of NIO Inc. Sponsored ADR Class A (NIO.US), stated during the financial report conference call for the first quarter of 2026 that all other businesses (including after-sales, maintenance, car mall, energy, finance, NIO Life) have seen significant improvement in operating results since the fourth quarter of last year. In the first quarter, a gross margin of over 20% was achieved, indicating that the service and community-related businesses have entered a new stage. In terms of annual goals, we also hope to maintain a gross margin level of around 20% this year. Looking further ahead, the number of our users continues to increase, and with improved efficiency, the profitability of service and community-related businesses will also continue to improve, becoming an important growth point for NIO Inc. Sponsored ADR Class A aside from new vehicles.