Chinese electric vehicle manufacturer ADR trading on NYSE. Designs and manufactures premium smart electric SUVs and sedans with battery swapping technology.
Profile & Fundamentals
Nio Inc: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Nio Inc Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China, Europe, and internationally. It offers five and six-seater electric SUVs, as well as smart electric sedans. The company also offers power solutions, including Power Home, a home charging solution; Power Swap, a battery-swapping service; Power Charger and Destination Charger; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for power valet service. In addition, it provides repair, maintenance, car beauty, and inspection services through its service centers and authorized third-party service centers; vehicle transportation and delivery, pre-delivery inspections, guidance on vehicle features, assistance with vehicle registration, and insurance processing services; insurance, maintenance, repairs, accident rescue, car washing, chauffeur services, and valet parking services; and remote monitoring and real-time diagnostics services, as well as technical, warranty, and auto financing arrangements. Further, the company is involved in the provision of energy and service packages to its users; design and technology development activities; manufacture of electric powertrains, battery packs, and components; and sales and after-sales management activities. Additionally, it operates in app NIO Auto Mall where users can select from various accessories and value added services; and online auction platform. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was incorporated in 2014 and is headquartered in Shanghai, China.
Company profile record
Nio Inc Class A ADR
Common Stock · Consumer Discretionary · Automobile Manufacturers
Company
- Company / asset
- Nio Inc Class A ADR
- Security type
- Common Stock
- Sector
- Consumer Discretionary
- Industry
- Automobile Manufacturers
- HQ
- 🇨🇳 China
- Head office
- Building 20, Shanghai, China, 201804
Leadership & scale
- Chief executive
- Mr. Bin Li
- CEO year born
- 1974
- Full-time employees
- 35K
- Fiscal year end
- December
- IPO date
- 2018-09-12
Fundamentals snapshot
- Market Cap
- USD 8.7B
- P/E
- --
- Revenue (Q2 26)
- CNY 32.2B
- Profit (Q2 26)
- CNY -529.8M
- Dividend Yield
- --
- Revenue (FY 25)
- CNY 87.5B
- Shares in public float
- 1.9B
- Insider ownership
- 0.13%
Reporting & identifiers
- Symbol
- NIO.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- ADR
- ISIN
- US62914V1061
- Asset ID
- equity_faaeb60e-64f7-5b37-a928-b84ab0c117ed
Ownership
Shares Outstanding
Latest: 2.5B | Max: 2.5B | Min: 1.0B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
76.06%
1.9B latest reported shares
Insider Ownership
0.13%
Latest reported insider stake
Short Float
0.07%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 1,050,010,000 |
| 2018-01-01 | 1,044,777,700 |
| 2019-01-01 | 1,037,488,400 |
| 2020-01-01 | 1,421,322,500 |
| 2021-01-01 | 1,607,187,100 |
| 2022-01-01 | 1,647,356,100 |
| 2023-01-01 | 1,761,325,000 |
| 2024-01-01 | 2,091,505,900 |
| 2025-01-01 | 2,510,927,700 |
| 2026-01-01 | 2,496,741,100 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| D. E. Shaw & Co LP | 18,204,968 | 0.73% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 14,721,369 | 0.59% | 2026-03-31 |
| Renaissance Technologies Corp | 14,452,131 | 0.58% | 2026-03-31 |
| Bank of America Corp | 14,228,916 | 0.57% | 2026-03-31 |
| The Goldman Sachs Group Inc | 13,783,828 | 0.55% | 2026-03-31 |
| BNP Paribas Arbitrage, SA | 13,341,331 | 0.53% | 2026-03-31 |
| Aspex Management (HK) Ltd | 13,141,609 | 0.52% | 2026-03-31 |
| UBS Group AG | 12,347,240 | 0.49% | 2026-03-31 |
| BlackRock Inc | 10,728,059 | 0.43% | 2026-03-31 |
| Two Sigma Investments LLC | 9,031,336 | 0.36% | 2026-06-30 |
| Citadel Advisors Llc | 8,759,358 | 0.35% | 2026-06-30 |
| Marshall Wace Asset Management Ltd | 8,369,102 | 0.33% | 2026-03-31 |
| Millennium Management LLC | 6,785,809 | 0.27% | 2026-06-30 |
| Point72 Asset Management, L.P. | 6,633,398 | 0.26% | 2026-03-31 |
| JPMorgan Chase & Co | 6,560,939 | 0.26% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Recent financial reporting reveals an operational pivot away from historical cash hemorrhaging. Quarterly revenue grew by over sixty-nine percent year-over-year to thirty-two billion renminbi in mid-2026, driven by higher vehicle deliveries across its new multi-brand lineup. More importantly, quarterly net losses contracted by nearly ninety percent to roughly five hundred million renminbi, while adjusted operating income generated a modest surplus. This rapid narrowing of deficits demonstrates that increased manufacturing volume is finally absorbing fixed factory overhead. While full-year performance remains in negative territory on a trailing basis, operating cash flows have turned positive. The underlying business is demonstrating genuine self-funding capability, provided unit sales momentum avoids a domestic demand plateau.
Recent financial reporting reveals an operational pivot away from historical cash hemorrhaging. Quarterly revenue grew by over sixty-nine percent year-over-year to thirty-two billion renminbi in mid-2026, driven by higher vehicle deliveries across its new multi-brand lineup. More importantly, quarterly net losses contracted by nearly ninety percent to roughly five hundred million renminbi, while adjusted operating income generated a modest surplus. This rapid narrowing of deficits demonstrates that increased manufacturing volume is finally absorbing fixed factory overhead. While full-year performance remains in negative territory on a trailing basis, operating cash flows have turned positive. The underlying business is demonstrating genuine self-funding capability, provided unit sales momentum avoids a domestic demand plateau.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 87.5B | Max: CNY 87.5B | Min: CNY -22.7B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Gross profit margins have staged a substantial recovery from historical troughs. Corporate gross margin rebounded from roughly five percent in 2023 to over eighteen percent in mid-2026, supported by vehicle margins reaching eighteen and a half percent. This improvement was driven by resilient premium flagship pricing, platform modularity across sub-brands, and internal software and chip cost reductions. However, fierce domestic price wars and upcoming battery tax adjustments pose ongoing friction to further margin expansion. While manufacturing scale efficiencies have successfully created positive gross profits, sustained corporate net profitability requires sub-brand sales volume to continuously absorb substantial selling, administrative, and ongoing platform refresh expenses.
Gross profit margins have staged a substantial recovery from historical troughs. Corporate gross margin rebounded from roughly five percent in 2023 to over eighteen percent in mid-2026, supported by vehicle margins reaching eighteen and a half percent. This improvement was driven by resilient premium flagship pricing, platform modularity across sub-brands, and internal software and chip cost reductions. However, fierce domestic price wars and upcoming battery tax adjustments pose ongoing friction to further margin expansion. While manufacturing scale efficiencies have successfully created positive gross profits, sustained corporate net profitability requires sub-brand sales volume to continuously absorb substantial selling, administrative, and ongoing platform refresh expenses.
Profitability Margins
Latest: 13.6% | Max: 18.9% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
13.6%
Gross profit / revenue
Operating Margin
-16.0%
Operating income / revenue
Net Margin
-17.1%
Net income / revenue
FCF Margin
-3.5%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 0 | -364,937,553.96 | -410,937,985.61 |
| 2017-12-31 | 0 | -765,704,147.47 | -873,826,728.11 |
| 2018-12-31 | 719,646,947.67 | -1,404,152,761.63 | -1,534,263,372.09 |
| 2019-12-31 | 1,124,267,816.09 | -1,639,813,362.07 | -1,498,346,695.4 |
| 2020-12-31 | 2,489,729,402.76 | -859,232,771.82 | 126,065,543.64 |
| 2021-12-31 | 5,681,827,515.72 | -1,662,312,735.85 | -332,134,905.66 |
| 2022-12-31 | 7,140,371,159.42 | -2,110,064,492.75 | -1,570,849,565.22 |
| 2023-12-31 | 7,833,511,690.14 | -2,978,446,056.34 | -2,214,410,845.07 |
| 2024-12-31 | 9,004,323,150.68 | -3,103,793,424.66 | -2,327,597,397.26 |
| 2025-12-31 | 12,516,095,851.22 | -2,140,317,739.34 | -439,572,818.31 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | Not reported | Not reported | Not reported | Not reported |
| 2017-12-31 | Not reported | Not reported | Not reported | Not reported |
| 2018-12-31 | -5.17 | -193.8 | -195.12 | -213.2 |
| 2019-12-31 | -15.32 | -141.59 | -145.86 | -133.27 |
| 2020-12-31 | 11.52 | -28.34 | -34.51 | 5.06 |
| 2021-12-31 | 18.88 | -12.44 | -29.26 | -5.85 |
| 2022-12-31 | 10.44 | -31.75 | -29.55 | -22 |
| 2023-12-31 | 5.49 | -40.73 | -38.02 | -28.27 |
| 2024-12-31 | 9.88 | -33.28 | -34.47 | -25.85 |
| 2025-12-31 | 13.62 | -16.05 | -17.1 | -3.51 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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