NIO Operating Expenses 2019-2024 | NIO
NIO annual/quarterly operating expenses history and growth rate from 2019 to 2024. Operating expenses can be defined as the sum of all operating expenses for the given industry.
- NIO operating expenses for the quarter ending June 30, 2024 were $3.117B, a 52.27% increase year-over-year.
- NIO operating expenses for the twelve months ending June 30, 2024 were $11.915B, a 20.51% increase year-over-year.
- NIO annual operating expenses for 2023 were $11.025B, a 17.15% increase from 2022.
- NIO annual operating expenses for 2022 were $9.411B, a 47.6% increase from 2021.
- NIO annual operating expenses for 2021 were $6.376B, a 99.39% increase from 2020.
NIO Annual Operating Expenses
(Millions of US $) |
| 2023 |
$11,025 |
| 2022 |
$9,411 |
| 2021 |
$6,376 |
| 2020 |
$3,198 |
| 2019 |
$2,715 |
| 2018 |
$2,116 |
| 2017 |
$ |
NIO Quarterly Operating Expenses
(Millions of US $) |
| 2024-06-30 |
$3,117 |
| 2024-03-31 |
$2,119 |
| 2023-12-31 |
$3,401 |
| 2023-09-30 |
$3,277 |
| 2023-06-30 |
$2,047 |
| 2023-03-31 |
$2,299 |
| 2022-12-31 |
$3,169 |
| 2022-09-30 |
$2,372 |
| 2022-06-30 |
$1,961 |
| 2022-03-31 |
$1,909 |
| 2021-12-31 |
$2,010 |
| 2021-09-30 |
$1,676 |
| 2021-06-30 |
$1,427 |
| 2021-03-31 |
$1,264 |
| 2020-12-31 |
$1,286 |
| 2020-09-30 |
$806 |
| 2020-06-30 |
$691 |
| 2020-03-31 |
$416 |
| 2019-12-31 |
$799 |
| 2019-09-30 |
$594 |
| 2019-06-30 |
$690 |
| 2019-03-31 |
$633 |
| 2018-09-30 |
$623 |
| Sector |
Industry |
Market Cap |
Revenue |
| Auto/Tires/Trucks |
Auto Manufacturers - Foreign |
$8.750B |
$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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