NIO Change in Accounts Payable 2019-2024 | NIO
NIO annual/quarterly change in accounts payable history and growth rate from 2019 to 2024. Change in accounts payable can be defined as the increase or decrease in trade payables for the given period.
- NIO change in accounts payable for the quarter ending December 31, 2024 was $0.646B, a 5.8% decline year-over-year.
- NIO change in accounts payable for the twelve months ending December 31, 2024 was $0.646B, a 1091% decline year-over-year.
- NIO annual change in accounts payable for 2024 was $0.646B, a 5.8% decline from 2023.
- NIO annual change in accounts payable for 2023 was $0.686B, a 59.39% decline from 2022.
- NIO annual change in accounts payable for 2022 was $1.689B, a 71.95% increase from 2021.
NIO Annual Change in Accounts Payable (Millions of US $) |
2024 |
$646 |
2023 |
$686 |
2022 |
$1,689 |
2021 |
$982 |
2020 |
$499 |
2019 |
$17 |
2018 |
$411 |
2017 |
$N/A |
Sector |
Industry |
Market Cap |
Revenue |
Auto/Tires/Trucks |
Auto Manufacturers - Foreign |
$8.307B |
$9.005B |
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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