Quick Answer
NIO Inc. reported R&D Expense of $13.04 billion for fiscal year 2024.
NIO Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $13.04B | -2.9% |
| 2023 | $13.43B | +23.9% |
| 2022 | $10.84B | +136.0% |
| 2021 | $4.59B | +84.6% |
| 2020 | $2.49B | -43.8% |
| 2019 | $4.43B | +10.8% |
| 2018 | $4.00B | +53.6% |
| 2017 | $2.60B | +77.6% |
| 2016 | $1.47B | — |
- NIO Inc. showed a decrease of -2.9% in R&D Expense compared to the prior fiscal year.
- Over the 2016–2024 period, NIO Inc.’s r&d expense has grown by 789.7% (from $1.47 billion to $13.04 billion).
- The most recent figure is from NIO Inc.’s fiscal year 2024 report (Form 20-F), filed with the SEC on April 8, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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