How did NIO Inc.'s revenue change from 2022 to 2023?

NIO Inc. reported $7.8B in revenue for fiscal year 2023. This represents a +9.5% change compared to 2022. Revenue rose a modest 9.5% to $7.83 billion in 2023, a year when NIO acquired JAC manufacturing assets and forged battery-swap partnerships with Changan and Geely.

FY2023 Revenue

$7.8B

▲ 9.5% vs FY2022 ($7.2B)

Source: Annual report / company filing

NIO Inc. reported $7.8B in revenue for fiscal year 2023. This represents a growth of 9.5% compared to the 2022 figure of $7.2B. In 2024, revenue increased to $9.3B.

Revenue rose a modest 9.5% to $7.83 billion in 2023, a year when NIO acquired JAC manufacturing assets and forged battery-swap partnerships with Changan and Geely.

Revenue by Year

FY2025 FY2024 FY2023 FY2022 FY2021 FY2020

NIO Inc. Annual Revenue History

Year	Revenue	YoY Change
FY2025	$12.5B	+35.1%
FY2024	$9.3B	+18.3%
FY2023	$7.8B	+9.5%
FY2022	$7.2B	+26.5%
FY2021	$5.7B	+115.6%
FY2020	$2.6B	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

← Previous year

FY2022: $7.2B

Next year →

FY2024: $9.3B

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