NIO Gross Profit 2019-2023 | NIO
NIO annual/quarterly gross profit history and growth rate from 2019 to 2023. Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services.
- NIO gross profit for the quarter ending December 31, 2023 was $0.185B, a 152.07% increase year-over-year.
- NIO gross profit for the twelve months ending December 31, 2023 was $0.430B, a 42.37% decline year-over-year.
- NIO annual gross profit for 2023 was $0.43B, a 42.37% decline from 2022.
- NIO annual gross profit for 2022 was $0.746B, a 30.33% decline from 2021.
- NIO annual gross profit for 2021 was $1.07B, a 272.83% increase from 2020.
NIO Annual Gross Profit
(Millions of US $) |
| 2023 |
$430 |
| 2022 |
$746 |
| 2021 |
$1,070 |
| 2020 |
$287 |
| 2019 |
$-172 |
| 2018 |
$-37 |
| 2017 |
$ |
NIO Quarterly Gross Profit
(Millions of US $) |
| 2023-12-31 |
$185 |
| 2023-09-30 |
$209 |
| 2023-06-30 |
$12 |
| 2023-03-31 |
$24 |
| 2022-12-31 |
$74 |
| 2022-09-30 |
$244 |
| 2022-06-30 |
$200 |
| 2022-03-31 |
$228 |
| 2021-12-31 |
$280 |
| 2021-09-30 |
$309 |
| 2021-06-30 |
$244 |
| 2021-03-31 |
$237 |
| 2020-12-31 |
$180 |
| 2020-09-30 |
$86 |
| 2020-06-30 |
$44 |
| 2020-03-31 |
$-24 |
| 2019-12-31 |
$-35 |
| 2019-09-30 |
$-31 |
| 2019-06-30 |
$-73 |
| 2019-03-31 |
$-33 |
| 2018-09-30 |
$-17 |
| Sector |
Industry |
Market Cap |
Revenue |
| Auto/Tires/Trucks |
Auto Manufacturers - Foreign |
$7.134B |
$7.834B |
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NIO is a pioneer in China's EV market. NIO's unique selling proposition is to provide EVs at competitive pricing. Importantly, NIO does not really manufacture its own cars. It contracts state-owned JAC Motors, headquartered in eastern China's Anhui province, to make vehicles. In turn, JAC charges fee for every car. In fact, NIO does not have a dealership network and instead sells its vehicles through apps and a network of swanky NIO Houses, located in some of the most expensive areas of China's largest cities.
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