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 September 30, 2024 was $2.375B, a 1.23% decline year-over-year.
- NIO cost of goods sold for the twelve months ending September 30, 2024 was $8.119B, a 11.59% 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 $) |
| 2024-09-30 |
$2,375 |
| 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 |
$7.564B |
$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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