NIO Gross Margin 2019-2024 | NIO
Current and historical gross margin for NIO (NIO) over the last 10 years. The current gross profit margin for NIO as of September 30, 2024 is %.
| NIO Gross Margin Historical Data |
| Date |
TTM Revenue |
TTM Gross Profit |
Gross Margin |
| 2024-09-30 |
$8.89B |
$0.77B |
8.67% |
| 2024-06-30 |
$8.84B |
$0.69B |
7.85% |
| 2024-03-31 |
$7.65B |
$0.47B |
6.20% |
| 2023-12-31 |
$7.83B |
$0.43B |
5.49% |
| 2023-09-30 |
$7.59B |
$0.32B |
4.20% |
| 2023-06-30 |
$6.81B |
$0.35B |
5.20% |
| 2023-03-31 |
$7.14B |
$0.54B |
7.60% |
| 2022-12-31 |
$7.14B |
$0.75B |
10.44% |
| 2022-09-30 |
$6.55B |
$0.95B |
14.53% |
| 2022-06-30 |
$6.24B |
$1.02B |
16.29% |
| 2022-03-31 |
$6.02B |
$1.06B |
17.64% |
| 2021-12-31 |
$5.67B |
$1.07B |
18.87% |
| 2021-09-30 |
$5.15B |
$0.97B |
18.82% |
| 2021-06-30 |
$4.30B |
$0.75B |
17.38% |
| 2021-03-31 |
$3.52B |
$0.55B |
15.56% |
| 2020-12-31 |
$2.49B |
$0.29B |
11.48% |
| 2020-09-30 |
$1.79B |
$0.07B |
3.96% |
| 2020-06-30 |
$1.38B |
$-0.05B |
-3.33% |
| 2020-03-31 |
$1.08B |
$-0.16B |
-15.16% |
| 2019-12-31 |
$1.12B |
$-0.17B |
-15.30% |
| 2019-09-30 |
$0.93B |
$-0.15B |
-16.49% |
| Sector |
Industry |
Market Cap |
Revenue |
| Auto/Tires/Trucks |
Auto Manufacturers - Foreign |
$8.808B |
$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.
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