NIO Revenue 2019-2023 | NIO

NIO annual/quarterly revenue history and growth rate from 2019 to 2023. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income.
  • NIO revenue for the quarter ending September 30, 2023 was $2.613B, a 42.97% increase year-over-year.
  • NIO revenue for the twelve months ending September 30, 2023 was $7.593B, a 15.93% increase year-over-year.
  • NIO annual revenue for 2022 was $7.143B, a 25.97% increase from 2021.
  • NIO annual revenue for 2021 was $5.671B, a 127.59% increase from 2020.
  • NIO annual revenue for 2020 was $2.492B, a 121.68% increase from 2019.
NIO Annual Revenue
(Millions of US $)
2022 $7,143
2021 $5,671
2020 $2,492
2019 $1,124
2018 $720
2017 $
NIO Quarterly Revenue
(Millions of US $)
2023-09-30 $2,613
2023-06-30 $1,210
2023-03-31 $1,555
2022-12-31 $2,215
2022-09-30 $1,828
2022-06-30 $1,537
2022-03-31 $1,563
2021-12-31 $1,622
2021-09-30 $1,522
2021-06-30 $1,308
2021-03-31 $1,218
2020-12-31 $1,105
2020-09-30 $667
2020-06-30 $526
2020-03-31 $194
2019-12-31 $404
2019-09-30 $257
2019-06-30 $220
2019-03-31 $243
2018-09-30 $214
Sector Industry Market Cap Revenue
Auto/Tires/Trucks Auto Manufacturers - Foreign $9.335B $7.143B
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 $321.484B 10.11
Stellantis (STLA) Netherlands $82.017B 0.00
Volkswagen AG (VWAGY) Germany $78.403B 0.00
Byd (BYDDY) China $73.050B 17.58
BMW (BMWYY) Germany $71.227B 6.40
BMW (BAMXF) Germany $70.283B 6.29
Honda (HMC) Japan $60.504B 8.34
Li Auto (LI) China $48.053B 35.11
Volkswagen AG (VLKAF) Germany $46.533B 5.28
Suzuki Motor (SZKMY) Japan $21.241B 12.42
Subaru (FUJHY) Japan $16.887B 7.00
Nissan Motor (NSANY) Japan $15.638B 4.00
Isuzu Motors (ISUZY) Japan $10.861B 8.15
Geely Automobile Holdings (GELYY) Hong Kong, SAR China $10.793B 0.00
Auto Trader Group (ATDRY) United Kingdom $8.473B 0.00
XPeng (XPEV) China $7.523B 0.00
Polestar Automotive Holding UK (PSNY) Sweden $3.907B 0.00
Dongfeng Motor Group (DNFGY) China $3.583B 0.00
PENDRAGON (PDGNF) United Kingdom $0.615B 0.00
GreenPower Motor (GP) Canada $0.053B 0.00
Cenntro (CENN) United States $0.041B 0.00
Vicinity Motor (VEV) Canada $0.033B 0.00
ElectraMeccanica Vehicles (SOLO) Canada $0.031B 0.00
Jiuzi Holdings (JZXN) China $0.003B 0.00
Cazoo Group (CZOO) United Kingdom $0.002B 0.00