NIO Net Income 2019-2024 | NIO
NIO annual/quarterly net income history and growth rate from 2019 to 2024. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for.
- NIO net income for the quarter ending June 30, 2024 was $-0.705B, a 16.45% decline year-over-year.
- NIO net income for the twelve months ending June 30, 2024 was $-2.868B, a 2.99% decline year-over-year.
- NIO annual net income for 2023 was $-2.978B, a 41.1% increase from 2022.
- NIO annual net income for 2022 was $-2.111B, a 27.24% increase from 2021.
- NIO annual net income for 2021 was $-1.659B, a 92.93% increase from 2020.
NIO Annual Net Income
(Millions of US $) |
| 2023 |
$-2,978 |
| 2022 |
$-2,111 |
| 2021 |
$-1,659 |
| 2020 |
$-860 |
| 2019 |
$-1,639 |
| 2018 |
$-3,393 |
| 2017 |
$ |
NIO Quarterly Net Income
(Millions of US $) |
| 2024-06-30 |
$-705 |
| 2024-03-31 |
$-728 |
| 2023-12-31 |
$-800 |
| 2023-09-30 |
$-634 |
| 2023-06-30 |
$-844 |
| 2023-03-31 |
$-699 |
| 2022-12-31 |
$-831 |
| 2022-09-30 |
$-582 |
| 2022-06-30 |
$-410 |
| 2022-03-31 |
$-288 |
| 2021-12-31 |
$-369 |
| 2021-09-30 |
$-444 |
| 2021-06-30 |
$-102 |
| 2021-03-31 |
$-744 |
| 2020-12-31 |
$-271 |
| 2020-09-30 |
$-175 |
| 2020-06-30 |
$-171 |
| 2020-03-31 |
$-243 |
| 2019-12-31 |
$-404 |
| 2019-09-30 |
$-357 |
| 2019-06-30 |
$-483 |
| 2019-03-31 |
$-395 |
| 2018-09-30 |
$-1,421 |
| 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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