NIO Cost of Goods Sold 2019-2024 | NIO

NIO annual/quarterly cost of goods sold history and growth rate from 2019 to 2024. Cost of goods sold can be defined as the difference between beginning and ending inventories for tangible products resulting in an expense that reflects production and sales costs.
  • NIO cost of goods sold for the quarter ending June 30, 2024 was $2.168B, a 81.04% increase year-over-year.
  • NIO cost of goods sold for the twelve months ending June 30, 2024 was $8.148B, a 26.24% increase year-over-year.
  • NIO annual cost of goods sold for 2023 was $7.404B, a 15.73% increase from 2022.
  • NIO annual cost of goods sold for 2022 was $6.397B, a 39.07% increase from 2021.
  • NIO annual cost of goods sold for 2021 was $4.6B, a 108.67% increase from 2020.
NIO Annual Cost of Goods Sold
(Millions of US $)
2023 $7,404
2022 $6,397
2021 $4,600
2020 $2,205
2019 $1,296
2018 $757
2017 $
NIO Quarterly Cost of Goods Sold
(Millions of US $)
2024-06-30 $2,168
2024-03-31 $1,305
2023-12-31 $2,271
2023-09-30 $2,405
2023-06-30 $1,198
2023-03-31 $1,531
2022-12-31 $2,142
2022-09-30 $1,584
2022-06-30 $1,337
2022-03-31 $1,335
2021-12-31 $1,342
2021-09-30 $1,212
2021-06-30 $1,065
2021-03-31 $981
2020-12-31 $925
2020-09-30 $580
2020-06-30 $482
2020-03-31 $217
2019-12-31 $439
2019-09-30 $288
2019-06-30 $293
2019-03-31 $276
2018-09-30 $231
Sector Industry Market Cap Revenue
Auto/Tires/Trucks Auto Manufacturers - Foreign $8.750B $7.834B
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 $231.796B 8.17
Byd (BYDDY) China $104.989B 22.67
Volkswagen AG (VWAGY) Germany $46.738B 3.53
Stellantis (STLA) Netherlands $41.980B 0.00
Li Auto (LI) China $25.093B 21.70
Suzuki Motor (SZKMY) Japan $20.574B 12.03
Geely Automobile Holdings (GELYY) Hong Kong, SAR China $18.629B 0.00
XPeng (XPEV) China $13.650B 0.00
Subaru (FUJHY) Japan $11.494B 4.43
Isuzu Motors (ISUZY) Japan $9.551B 7.57
Nissan Motor (NSANY) Japan $9.304B 5.69
Auto Trader Group (ATDRY) United Kingdom $8.948B 0.00
Polestar Automotive Holding UK (PSNY) Sweden $2.626B 0.00
Dongfeng Motor Group (DNFGY) China $2.560B 0.00
GreenPower Motor (GP) Canada $0.026B 0.00
Lobo EV Technologies (LOBO) China $0.020B 0.00
Kaixin Holdings (KXIN) China $0.003B 0.00
Jiuzi Holdings (JZXN) China $0.000B 0.00
Honda (HMC) Japan $0.000B 6.62