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NIO (NIO) Revenue & Revenue Breakdown

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NIO Revenue Highlights

Latest Revenue (Y)

$55.62B

Latest Revenue (Q)

$9.91B

Main Segment (Y)

Vehicle sales

NIO Revenue by Period

NIO Revenue by Year

DateRevenueChange
2023-12-31$55.62B12.89%
2022-12-31$49.27B36.34%
2021-12-31$36.14B122.27%
2020-12-31$16.26B107.77%
2019-12-31$7.82B58.04%
2018-12-31$4.95B100.00%
2017-12-31-100.00%
2016-12-31--

NIO generated $55.62B in revenue during NA 2023, up 12.89% compared to the previous quarter, and up 1123.33% compared to the same period a year ago.

NIO Revenue by Quarter

DateRevenueChange
2024-03-31$9.91B-42.07%
2023-12-31$17.10B-10.30%
2023-09-30$19.07B117.36%
2023-06-30$8.77B-17.84%
2023-03-31$10.68B-33.54%
2022-12-31$16.06B23.55%
2022-09-30$13.00B26.33%
2022-06-30$10.29B3.85%
2022-03-31$9.91B0.10%
2021-12-31$9.90B0.97%
2021-09-30$9.81B16.07%
2021-06-30$8.45B5.83%
2021-03-31$7.98B20.20%
2020-12-31$6.64B46.73%
2020-09-30$4.53B21.70%
2020-06-30$3.72B171.07%
2020-03-31$1.37B-51.83%
2019-12-31$2.85B55.07%
2019-09-30$1.84B21.76%
2019-06-30$1.51B-7.52%
2019-03-31$1.63B-52.52%
2018-12-31$3.44B133.78%
2018-09-30$1.47B3095.35%
2018-06-30$45.99M100.00%
2018-03-31-100.00%
2017-12-31-100.00%
2017-09-30--

NIO generated $9.91B in revenue during Q1 2024, up -42.07% compared to the previous quarter, and up 61.68% compared to the same period a year ago.

NIO Revenue Breakdown

NIO Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Others$2.36B$2.37B$1.31B--
Vehicle sales$49.26B$45.51B$33.17B--
Service$2.34B----
Sales of packages$1.67B$857.91M---
Battery upgrade service-$64.12M$291.22M--
Automotive Regulatory Credits--$516.55M--
Other sales--$2.97B--
Sales of Packages--$526.17M--
Sales of Charging pile--$319.39M--
Others Revenue---$601.56M$218.71M
Charging Pile---$229.78M$127.63M
Service Other---$244.07M$111.45M
Product---$15.18B$7.37B
Product And Service Other---$1.08B$457.79M

NIO's latest annual revenue breakdown by segment (product or service), as of Dec 23: Vehicle sales (88.56%), Others (4.24%), Service (4.20%), and Sales of packages (3.00%).

Quarterly Revenue by Product

Product/ServiceDec 21Sep 21Dec 20Sep 20
Automotive Regulatory Credits----
Battery upgrade service$20.39M---
Vehicle sales$9.22B---
Other sales$685.37M---
Others$431.59M---
Sales of Charging pile$75.65M---
Sales of Packages$157.74M---
Charging Pile-$243.74M$96.65M$133.13M
Service Other-$368.43M$81.10M$162.97M
Product-$23.95B$6.17B$9.01B
Product And Service Other-$2.28B$467.04M$608.37M
Others Revenue-$881.77M$289.30M$312.26M
Battery Upgrade Service-$270.83M--
Automotive Regulatory Credit Sale-$516.55M--

NIO's latest quarterly revenue breakdown by segment (product or service), as of Dec 21: Vehicle sales (87.05%), Other sales (6.47%), Others (4.08%), Sales of Packages (1.49%), Sales of Charging pile (0.71%), and Battery upgrade service (0.19%).

NIO Revenue Breakdown by Country

Quarterly Revenue by Country

CountryDec 21Sep 21Dec 20Sep 20
Others$431.59M---
Other sales$685.37M---
Battery upgrade service$20.39M---
Sales of Charging pile$75.65M---
Automotive Regulatory Credits----
Sales of Packages$157.74M---
Vehicle sales$9.22B---
Battery Upgrade Service-$270.83M--
Service Other-$368.43M$81.10M$162.97M
Product-$23.95B$6.17B$9.01B
Product And Service Other-$2.28B$467.04M$608.37M
Others Revenue-$881.77M$289.30M$312.26M
Automotive Regulatory Credit Sale-$516.55M--
Charging Pile-$243.74M$96.65M$133.13M

NIO's latest quarterly revenue breakdown by geography, as of Dec 21: Vehicle sales (87.05%), Other sales (6.47%), Others (4.08%), Sales of Packages (1.49%), Sales of Charging pile (0.71%), and Battery upgrade service (0.19%).

NIO Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
LILi Auto$123.85B$25.63B
TSLATesla$96.77B$25.18B
NIONIO$55.62B$9.91B
XPEVXPeng$30.68B$6.55B

NIO Revenue FAQ

What is NIO’s yearly revenue?

NIO's yearly revenue for 2023 was $55.62B, representing an increase of 12.89% compared to 2022. The company's yearly revenue for 2022 was $49.27B, representing an increase of 36.34% compared to 2021. NIO's yearly revenue for 2021 was $36.14B, representing an increase of 122.27% compared to 2020.

What is NIO’s quarterly revenue?

NIO's quarterly revenue for Q1 2024 was $9.91B, a -42.07% decrease from the previous quarter (Q4 2023), and a -7.19% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $17.1B, a -10.30% decrease from the previous quarter (Q3 2023), and a 6.47% increase year-over-year (Q4 2022). NIO's quarterly revenue for Q3 2023 was $19.07B, a 117.36% increase from the previous quarter (Q2 2023), and a 46.64% increase year-over-year (Q3 2022).

What is NIO’s revenue growth rate?

NIO's revenue growth rate for the last 3 years (2021-2023) was 53.91%, and for the last 5 years (2019-2023) was 610.78%.

What are NIO’s revenue streams?

NIO's revenue streams in c 23 are Others, Vehicle sales, Service, and Sales of packages. Others generated $2.36B in revenue, accounting 4.24% of the company's total revenue, down -0.45% year-over-year. Vehicle sales generated $49.26B in revenue, accounting 88.56% of the company's total revenue, up 8.24% year-over-year. Service generated $2.34B in revenue, accounting 4.20% of the company's total revenue Sales of packages generated $1.67B in revenue, accounting 3.00% of the company's total revenue, up 94.23% year-over-year.

What is NIO’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of NIO was Vehicle sales. This segment made a revenue of $49.26B, representing 88.56% of the company's total revenue.