NIO SG&A Expenses 2019-2024 | NIO
NIO annual/quarterly sg&a expenses history and growth rate from 2019 to 2024. Sg&a expenses can be defined as the sum of all selling, general and administrative expenses.
- NIO sg&a expenses for the quarter ending September 30, 2024 were $0.586B, a 18.36% increase year-over-year.
- NIO sg&a expenses for the twelve months ending September 30, 2024 were $2.088B, a 20.48% increase year-over-year.
- NIO annual sg&a expenses for 2023 were $1.815B, a 18.79% increase from 2022.
- NIO annual sg&a expenses for 2022 were $1.528B, a 41.55% increase from 2021.
- NIO annual sg&a expenses for 2021 were $1.079B, a 79.1% increase from 2020.
NIO Annual SG&A Expenses
(Millions of US $) |
| 2023 |
$1,815 |
| 2022 |
$1,528 |
| 2021 |
$1,079 |
| 2020 |
$603 |
| 2019 |
$783 |
| 2018 |
$777 |
| 2017 |
$ |
NIO Quarterly SG&A Expenses
(Millions of US $) |
| 2024-09-30 |
$586 |
| 2024-06-30 |
$517 |
| 2024-03-31 |
$415 |
| 2023-12-31 |
$570 |
| 2023-09-30 |
$495 |
| 2023-06-30 |
$394 |
| 2023-03-31 |
$356 |
| 2022-12-31 |
$488 |
| 2022-09-30 |
$381 |
| 2022-06-30 |
$341 |
| 2022-03-31 |
$318 |
| 2021-12-31 |
$381 |
| 2021-09-30 |
$283 |
| 2021-06-30 |
$232 |
| 2021-03-31 |
$183 |
| 2020-12-31 |
$212 |
| 2020-09-30 |
$138 |
| 2020-06-30 |
$133 |
| 2020-03-31 |
$120 |
| 2019-12-31 |
$216 |
| 2019-09-30 |
$163 |
| 2019-06-30 |
$207 |
| 2019-03-31 |
$197 |
| 2018-09-30 |
$243 |
| 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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