NIO Automotive: 48,135 vehicles delivered in December 2025, a year-over-year increase of 54.6%; 124,807 vehicles delivered in the fourth quarter of 2025 (through December), a year-over-year increase of 71.7%;Total deliveries for the full year 2025 reached 326,028 units, a year-over-year increase of 46.9%; as of December 31, 2025, NIO’s cumulative deliveries reached 997,592 units.