NIO (NIO) Q4-25 earnings: The historic first profit & scaling an EV virtual power plant

After years of burning cash, NIO delivered its first-ever quarterly operating profit in Q4 2025 by defying the brutal EV price war and expanding margins.In ~10 minutes:• How a surge in record Q4 deliveries drove an 8% stock pop.• Unpacking the massive leap to 18.1% vehicle gross margins.• NIO's hidden leverage as a 6-gigawatt virtual power plant.• The multi-billion debt and related-party risk still lurking.As volume shifts heavily toward the mass-market Onvo and Firefly brands, NIO isn't just selling metal chassis anymore—they are quietly shopping their custom 5-nm AI chips to rival automakers. It's a dramatic pivot from vulnerable startup to a utility-like infrastructure player, though looming copper and semiconductor costs will test their target of full-year profitability in 2026. NIO Inc. (NIO) | Q4 FY2025AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.