NIO (NYSE: NIO) CFO Qu Yu: Service and community-related businesses enter a new stage, hoping to maintain a gross profit margin of about 20% this year.

According to the Wisdom Financial APP, on May 21st, NIO.US CFO Qu Yu stated in the first quarter earnings conference call for 2026 that all other businesses (including after-sales, maintenance, car mall, energy, finance, NIO Life) have significantly improved in operating results since the fourth quarter of last year, achieving a gross profit margin of over 20% in the first quarter. This means that services and community-related businesses have entered a new stage. In terms of annual targets, we also hope to maintain a gross profit level of around 20% this year. Looking at a longer term, our user retention continues to rise, and with efficiency improvements, the profitability of services and community-related businesses will also continue to increase, becoming an important growth point for NIO apart from new cars.