NIO Research and Development Expenses 2019-2026 | NIO

NIO annual/quarterly research and development expenses history and growth rate from 2019 to 2026. Research and development expenses can be defined as an expense arising from studies and product development processes.
  • NIO research and development expenses for the quarter ending March 31, 2026 were $0.273B, a 37.67% decline year-over-year.
  • NIO research and development expenses for the twelve months ending March 31, 2026 were $1.351B, a 26.07% decline year-over-year.
  • NIO annual research and development expenses for 2025 were $1.516B, a 15.09% decline from 2024.
  • NIO annual research and development expenses for 2024 were $1.786B, a 5.59% decline from 2023.
  • NIO annual research and development expenses for 2023 were $1.892B, a 20.41% increase from 2022.
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NIO Annual Research and Development Expenses
(Millions of US $)
2025 $1,516
2024 $1,786
2023 $1,892
2022 $1,571
2021 $721
2020 $381
2019 $636
2018 $581
2017
NIO Quarterly Research and Development Expenses
(Millions of US $)
2026-03-31 $273
2025-12-31 $323
2025-09-30 $336
2025-06-30 $420
2025-03-31 $438
2024-12-31 $474
2024-09-30 $473
2024-06-30 $443
2024-03-31 $397
2023-12-31 $566
2023-09-30 $417
2023-06-30 $461
2023-03-31 $448
2022-12-31 $558
2022-09-30 $414
2022-06-30 $321
2022-03-31 $278
2021-12-31 $294
2021-09-30 $185
2021-06-30 $137
2021-03-31 $105
2020-12-31 $143
2020-09-30 $87
2020-06-30 $77
2020-03-31 $74
2019-12-31 $143
2019-09-30 $143
2019-06-30 $189
2019-03-31 $161
2018-09-30 $149
Sector Industry Market Cap Revenue
Auto/Tires/Trucks Auto Manufacturers - Foreign $14.935B $12.511B
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.
Stock Name Country Market Cap PE Ratio
Toyota (TM) Japan $274.535B 11.10
Byd (BYDDY) China $120.073B 18.89
BYD (BYDDF) China $117.569B 18.87
Mercedes-Benz Group AG (MBGYY) Germany $60.564B 5.46
BMW (BAMXF) Germany $54.617B 7.04
Volkswagen AG (VWAGY) Germany $53.488B 7.16
Honda (HMC) Japan $37.523B 9.58
Volkswagen AG (VLKAF) Germany $31.043B 7.04
Stellantis (STLA) Netherlands $30.262B 0.00
Bridgestone (BRDCY) Japan $28.855B 0.00
Suzuki Motor (SZKMY) Japan $22.264B 8.11
Li Auto (LI) China $20.327B 147.77
Hyundai Motor (HYMLF) South Korea $19.016B 3.50
XPeng (XPEV) China $16.533B 0.00
Subaru (FUJHY) Japan $11.434B 15.94
Porsche Automobil Holding SE (POAHY) Germany $11.393B 0.00
RENAULT (RNLSY) France $10.779B 0.00
Isuzu Motors (ISUZY) Japan $10.194B 10.65
Dongfeng Motor Group (DNFGY) China $9.573B 0.00
Nissan Motor (NSANY) Japan $8.245B 0.00
Yamaha Motor (YMHAY) Japan $7.514B 210.86
ZEEKR Intelligent Technology Holding (ZK) China $6.848B 0.00
Auto Trader Group (ATDRY) United Kingdom $5.202B 0.00
Mazda Motor (MZDAY) Japan $4.160B 8.68
Hino Motors (HINOY) Japan $1.715B 5.81
Polestar Automotive Holding UK (PSNY) Sweden $1.452B 0.00
Sono Group (SSM) Germany $0.009B 0.00
Masonglory (MSGY) Hong Kong, SAR China $0.007B 0.00
GreenPower Motor (GP) Canada $0.005B 0.00
Lobo EV Technologies (LOBO) China $0.005B 0.00
Jiuzi Holdings (JZXN) China $0.001B 0.00
Kaixin Holdings (KXIN) China $0.000B 0.00