Hefei Municipal Government

Money Moves

Early investor now seeing returns on Nio rescue

Nio burned through more than 100 billion yuan over a decade, came within weeks of insolvency in 2019, and needed a government rescue to survive. In the fourth quarter of 2025, the Chinese electric vehicle maker posted its first-ever quarterly net profit: 282.7 million yuan, or roughly $40 million, on record deliveries of nearly 125,000 vehicles.

Updated Mar 10