NIO Revenue 2019-2024 | NIO
NIO annual/quarterly revenue history and growth rate from 2019 to 2024. 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 March 31, 2024 was $1.372B, a 11.73% decline year-over-year.
- NIO revenue for the twelve months ending March 31, 2024 was $7.651B, a 7.24% increase year-over-year.
- NIO annual revenue for 2023 was $7.834B, a 9.66% increase from 2022.
- 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
(Millions of US $) |
| 2023 |
$7,834 |
| 2022 |
$7,143 |
| 2021 |
$5,671 |
| 2020 |
$2,492 |
| 2019 |
$1,124 |
| 2018 |
$720 |
| 2017 |
$ |
NIO Quarterly Revenue
(Millions of US $) |
| 2024-03-31 |
$1,372 |
| 2023-12-31 |
$2,456 |
| 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 |
$7.341B |
$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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