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 June 30, 2026 were $0.316B, a 24.69% decline year-over-year.
  • NIO research and development expenses for the twelve months ending June 30, 2026 were $1.248B, a 30.86% 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
NIO Quarterly Research and Development Expenses
(Millions of US $)
2026-06-30 $316
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 $8.939B $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 $254.764B 8.62
Byd (BYDDY) China $90.010B 0.00
BYD (BYDDF) China $88.208B 0.00
Mercedes-Benz Group AG (MBGYY) Germany $51.631B 8.65
Honda (HMC) Japan $50.275B 0.00
Volkswagen AG (VWAGY) Germany $46.671B 7.63
BMW (BAMXF) Germany $41.165B 5.86
Daimler Truck Holding AG - (DTRUY) Germany $38.387B 0.00
Bridgestone (BRDCY) Japan $32.070B 0.00
Volkswagen AG (VLKAF) Germany $27.001B 7.52
Suzuki Motor (SZKMY) Japan $25.206B 7.51
Stellantis (STLA) Netherlands $19.233B 0.00
Hyundai Motor (HYMLF) South Korea $19.016B 4.16
Li Auto (LI) China $12.600B 0.00
Subaru (FUJHY) Japan $12.101B 21.09
Yamaha Motor (YMHAY) Japan $11.604B 23.26
Porsche Automobil Holding SE (POAHY) Germany $10.198B 0.00
RENAULT (RNLSY) France $10.114B 0.00
XPeng (XPEV) China $9.768B 0.00
Isuzu Motors (ISUZY) Japan $9.708B 10.44
Dongfeng Motor Group (DNFGY) China $9.573B 0.00
Nissan Motor (NSANY) Japan $7.595B 0.00
ZEEKR Intelligent Technology Holding (ZK) China $6.848B 0.00
Auto Trader Group (ATDRY) United Kingdom $5.039B 0.00
Mazda Motor (MZDAY) Japan $4.626B 4.21
Polestar Automotive Holding UK (PSNY) Sweden $0.683B 0.00
GreenPower Motor (GP) Canada $0.005B 0.00
Lobo EV Technologies (LOBO) China $0.005B 0.00
Masonglory (MSGY) Hong Kong, SAR China $0.004B 0.00
Sono Group (SSM) Germany $0.003B 0.00
Kaixin Holdings (KXIN) China $0.002B 0.00
Jiuzi Holdings (JZXN) China $0.001B 0.00