NIO reports Q4 2025 earnings tomorrow morning. Potentially the first quarterly

profit in the company's 11-year history.

Tonight — a quick honest look at where NIO, Xpeng, and Li Auto all stand

heading into 2026, based on the latest Chinese financial analysis.

WHAT WE COVER:

— Why all three are navigating serious headwinds simultaneously in 2026

— The ES8 launch wave is normalizing — NIO's real next catalysts are L80 + ES7

— Xpeng down nearly 50% YoY in February and what it means

— Li Auto's 2025 underperformance and the new L9 redemption bet

— Why NIO still comes out strongest in this comparison heading into tomorrow

— NIO's Q4 profit guidance: 700M–1.2B yuan non-GAAP — what to watch

Full earnings breakdown tomorrow.

Courtside Financial. Hosted by Obi.