NIO Net Income/Loss 2019-2024 | NIO
NIO annual/quarterly net income/loss history and growth rate from 2019 to 2024. Net income/loss can be defined as the company's total income or loss before preferred stock dividends, taken from the Income Statement
- NIO net income/loss for the quarter ending June 30, 2024 was $0.000B, a 100% decline year-over-year.
- NIO net income/loss for the twelve months ending June 30, 2024 was $-2.918B, a 18.53% decline year-over-year.
- NIO annual net income/loss for 2023 was $-2.918B, a 39.42% increase from 2022.
- NIO annual net income/loss for 2022 was $-2.093B, a 232.07% increase from 2021.
- NIO annual net income/loss for 2021 was $-0.63B, a 22.46% decline from 2020.
NIO Annual Net Income/Loss
(Millions of US $) |
| 2023 |
$-2,918 |
| 2022 |
$-2,093 |
| 2021 |
$-630 |
| 2020 |
$-813 |
| 2019 |
$-1,623 |
| 2018 |
$-1,402 |
| 2017 |
$0 |
| Sector |
Industry |
Market Cap |
Revenue |
| Auto/Tires/Trucks |
Auto Manufacturers - Foreign |
$8.767B |
$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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