Other sale improvement
Other sales figures improvement:
Last year nio lost 100m rmb, now earning almost 600m rmb and 200m rmb more than last Q with lower revenue.
This looks small and insignificant but it provides a nice safety net.
Times will tell, in this Q we saw how 18.8% vehicle margin improves to 19% Gross margin with strong other sale figures.
If the Other sales improvement continues to grow with the same rate gross margin will reach 20% and even more in Q4 2026.