NIO Research and Development Expenses 2019-2023 | NIO
NIO annual/quarterly research and development expenses history and growth rate from 2019 to 2023. 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 December 31, 2023 were $0.566B, a 1.39% increase year-over-year.
- NIO research and development expenses for the twelve months ending December 31, 2023 were $1.892B, a 20.41% increase year-over-year.
- NIO annual research and development expenses for 2023 were $1.892B, a 20.41% increase from 2022.
- NIO annual research and development expenses for 2022 were $1.571B, a 118.04% increase from 2021.
- NIO annual research and development expenses for 2021 were $0.721B, a 88.99% increase from 2020.
NIO Annual Research and Development Expenses
(Millions of US $) |
| 2023 |
$1,892 |
| 2022 |
$1,571 |
| 2021 |
$721 |
| 2020 |
$381 |
| 2019 |
$636 |
| 2018 |
$581 |
| 2017 |
$ |
NIO Quarterly Research and Development Expenses
(Millions of US $) |
| 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 |
$7.066B |
$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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