Flagship ES8 SUV accounts for over half of Nio’s Feb deliveries

• The ES8 delivered 11,260 units in February. Nio introduced purchase tax subsidies for the SUV to boost spring demand.
• The third-generation ES8 contributed 54.14% of Nio Inc’s deliveries in February.

Nio Inc’s (NYSE: NIO, HKG: 9866) flagship SUV model, the all-new ES8, maintained robust deliveries in February, continuing as the core sales pillar for the electric vehicle (EV) maker.

The third-generation ES8 delivered 11,260 units in February, accounting for 54.14% of the company’s monthly deliveries, according to data released by Nio on Sunday.

Within the Nio main brand deliveries of 15,159 units, this high-margin model represented a significant 74.28%, underscoring its pivotal role in the product portfolio.

In the first two months of this year, cumulative deliveries of the all-new ES8 reached 28,918 units, accounting for 60.27% of Nio Inc’s total deliveries during the same period and 80.21% of the Nio main brand’s deliveries, according to data compiled by CnEVPost.

Despite the seasonal slowdown across China’s auto industry due to the extended Chinese New Year holiday in February, Nio Inc achieved a 57.6% year-on-year increase in total deliveries for the month, reaching 20,797 units.

It’s worth noting that ES8 deliveries in February fell 36.23% from January’s 17,658 units, marking the second consecutive sequential decline. The model delivered a record 22,276 units in December 2025.

To further boost spring sales momentum, Nio announced limited-time incentives for the all-new ES8 to attract more potential buyers.

From now until March 31, customers who lock in orders for the new ES8 can enjoy a limited-time purchase tax subsidy of 10,000 yuan ($1,460) along with multiple additional benefits.

These benefits include free access to the 5-year NOP+ (Navigate on Pilot Plus) driver assistance feature, and optional upgrades worth 2,980 yuan.

For new ES8 owners who received delivery after January 1 this year but did not benefit from the purchase tax subsidy, Nio will also provide an additional 10,000 yuan worth of points as a gesture of appreciation.

Furthermore, Nio has introduced a low-interest financing plan for the model with a term of up to 7 years and a down payment as low as 20%.

As Nio’s core profit engine, the ES8 — with a starting price of 406,800 yuan — plays a crucial role in improving the company’s financial health.

Driven by the model’s strong sales, Nio announced early last month that it would achieve its first quarterly profit in the fourth quarter.

Nio is set to release its the fourth-quarter 2025 earnigns report on March 10.

The milestone comes less than a month after the model surpassed 60,000 deliveries on February 1.

($1 = 6.8582 yuan)