NIO’s reported scale expanded in 2024: global deliveries reached 221,970 vehicles, while its Power Swap network reached 3,054 stations worldwide. The figures below cover NIO’s deliveries, financial results, brand mix, infrastructure, investment and market-position statements, with periods and definitions kept explicit.
Key NIO Statistics
The most broadly useful NIO statistics span delivery growth, financial performance and the company’s global power network:
- In full-year 2024, NIO delivered 221,970 vehicles globally, including NIO and ONVO brands.
- In full-year 2023, NIO delivered 160,038 vehicles globally, a 30.7% increase from 2022.
- In full-year 2022, NIO delivered 122,486 vehicles globally, a 34.0% increase from 2021.
- On December 31, 2024, NIO’s cumulative global deliveries reached 671,564 vehicles.
- In Q4 2024, NIO delivered 72,689 vehicles globally, up 45.2% year over year.
- In Q4 2024, ONVO contributed 19,929 vehicles to NIO’s global delivery total.
- NIO’s 2024 total revenue was RMB65,731.6 million from consolidated operations, up 18.2% from 2023.
- NIO’s 2024 vehicle sales were RMB58,234.1 million, up 18.2% from 2023.
- NIO’s 2024 gross profit was RMB6,492.8 million, up 112.8% from 2023.
- NIO’s 2024 vehicle margin was 12.3% on vehicle sales, compared with 9.5% in 2023.
- NIO’s 2024 consolidated gross margin was 9.9%, compared with 5.5% in 2023.
- NIO’s 2024 net loss was RMB22,401.7 million, up 8.1% from 2023.
- NIO’s 2023 research-and-development expense was RMB13,431.4 million, up 23.9% from 2022.
- As of December 31, 2024, NIO had 3,054 Power Swap Stations globally.
- By December 31, 2024, NIO had completed more than 61 million cumulative battery swaps globally.
- NIO said its brand held 40% of China’s BEV market priced above RMB300,000 in 2024.
- NIO China strategic investors agreed to invest RMB3.3 billion in cash on September 29, 2024.
- NIO opened 105 ONVO brand stores simultaneously in China on September 1, 2024.
Contents
- Delivery growth and cumulative scale
- Quarterly delivery trends and brand mix
- Revenue, vehicle sales and margin data
- Profitability, losses and R&D spending
- Battery swapping and power-network statistics
- Market position, investment and operating expansion
NIO Delivery Statistics: Growth and Cumulative Scale
NIO’s company-reported global delivery total rose in each of the three full years covered here. These are deliveries, not registrations or end-user survey responses, and the 2024 total includes both NIO and ONVO brands.
| Period | Global deliveries | Reported change |
|---|---|---|
| 2022 | 122,486 | 34.0% from 2021 |
| 2023 | 160,038 | 30.7% from 2022 |
| 2024 | 221,970 | 38.7% from 2023 |
Source: NIO 2024 financial results, NIO 2023 financial results, and NIO 2022 financial results. The 2024 financial results are unaudited, and the delivery figures are company-reported global deliveries.
NIO reported 671,564 cumulative global deliveries on December 31, 2024. For comparison, the company reported 467,781 cumulative deliveries on February 29, 2024; these dates are different and should not be treated as a same-day year-end comparison.
The 2024 release also reported subsequent monthly results: 13,863 vehicles in January 2025 and 13,192 in February 2025, bringing 2025 year-to-date deliveries to 27,055 through February 28. Those figures describe the stated measurement periods and are not forecasts.
NIO Quarterly Delivery Trends and Brand Mix
Quarterly delivery data shows a rising sequence through 2024, although the company reported different brand and product categories within the totals.
| Quarter | Deliveries | Geography and definition |
|---|---|---|
| Q1 2024 | 30,053 | NIO global deliveries |
| Q2 2024 | 57,373 | NIO global deliveries |
| Q3 2024 | 61,855 | NIO global deliveries |
| Q4 2024 | 72,689 | NIO global deliveries |
Source: NIO 2024 financial results. Quarterly totals are company-reported results.
The year-over-year comparisons add context: Q3 2024 deliveries were 61,855, up 11.6%, while Q4 2024 deliveries were 72,689, up 45.2%. December 2024 alone reached 31,138 vehicles, up 72.9% year over year.
Brand mix became visible in the second half of the year. In Q4 2024, NIO-brand vehicles accounted for 52,760 deliveries and ONVO vehicles for 19,929; in October, the split was 16,657 NIO-brand and 4,319 ONVO vehicles.
In September 2024, NIO delivered 20,349 NIO-brand vehicles and 832 ONVO vehicles, with ONVO L60 deliveries beginning late in that month.
The earlier Q4 2022 body-type split was 20,824 SUVs and 19,228 sedans. NIO classified these as premium smart electric SUVs and sedans, so the categories follow the company’s definitions.
NIO Revenue, Vehicle Sales and Margin Data
NIO’s reported financial scale increased from 2022 through 2024, with vehicle sales remaining the largest named revenue category in the supplied annual figures.
| Full year | Total revenue (RMB million) | Vehicle sales (RMB million) | Reported total-revenue change |
|---|---|---|---|
| 2022 | 49,268.6 | 45,506.6 | 36.3% from 2021 |
| 2023 | 55,617.9 | 49,257.3 | 12.9% from 2022 |
| 2024 | 65,731.6 | 58,234.1 | 18.2% from 2023 |
Source: NIO 2024 financial results, NIO 2023 financial results, and NIO 2022 financial results. The 2024 figures are unaudited company-reported results.
NIO reported RMB6,492.8 million in 2024 gross profit, up 112.8% from 2023. Its 2024 vehicle margin was 12.3%, versus 9.5% in 2023, while consolidated gross margin was 9.9%, versus 5.5% in 2023.
Vehicle margin and gross margin are different measures: vehicle margin applies to vehicle sales, while gross margin is consolidated. That distinction matters when comparing the two percentages.
For Q4 2024, total revenue was RMB19,703.4 million, up 15.2% year over year, and vehicle sales were RMB17,475.6 million, up 13.2%. Quarterly gross profit was RMB2,308.9 million, up 80.5%, with gross margin of 11.7% versus 7.5% in Q4 2023 and vehicle margin of 13.1% versus 11.9%.
NIO Profitability, Losses and R&D Spending
NIO’s gross profit and margins improved in the reported 2024 figures, but the company continued to report substantial operating and net losses.
| Measure | 2024 | Comparison |
|---|---|---|
| Operating loss | RMB21,874.1 million | Down 3.4% from 2023 |
| Net loss | RMB22,401.7 million | Up 8.1% from 2023 |
| Adjusted net loss | RMB20,473.2 million | Up 11.6% from 2023 |
| Q4 operating loss | RMB6,032.9 million | Down 8.9% year over year |
| Q4 net loss | RMB7,111.5 million | Up 32.5% year over year |
Source: NIO 2024 financial results. The adjusted net loss is a non-GAAP measure excluding share-based compensation under NIO’s reconciliation.
For historical context, NIO reported a 2023 operating loss of RMB22,655.2 million, up 44.8% from 2022, and a 2023 net loss of RMB20,719.8 million, up 43.5%. In 2022, net loss was RMB14,437.1 million, up 259.4% from 2021, while gross profit was RMB5,144.0 million, down 24.6%.
Research spending remained a major operating expense. NIO reported RMB13,431.4 million of R&D expense in 2023, up 23.9% from 2022; Q4 2023 R&D expense was RMB3,972.1 million, down 0.2% year over year.
R&D expense measures spending, not effectiveness or a guaranteed outcome.
NIO Battery Swapping and Power-Network Statistics
NIO’s reported power-network statistics cover station count and cumulative battery-swap activity globally. They describe company-reported infrastructure and usage, not independently audited utilization.
| Date | Power Swap Stations globally | Cumulative swaps globally |
|---|---|---|
| December 31, 2023 | 2,350 | More than 35 million |
| December 31, 2024 | 3,054 | More than 61 million |
Sources: NIO 2023 Form 20-F and NIO 2024 Form 20-F. Coverage includes urban areas and expressways.
The reported station count increased by 704 stations between the two year-end disclosures. Because both cumulative swap figures are stated as “over,” the reported cumulative total increased by more than 26 million; that is a lower-bound difference, not an exact activity count.
Power Swap Station 4.0, introduced in December 2023, was designed for service capacity of up to 480 swaps per day per station. This is a stated design maximum, not an observed average utilization rate or forecast of actual swaps.
NIO Market Position, Investment and Operating Expansion
NIO stated that its brand held a 40% share of China’s BEV market priced above RMB300,000 in 2024. This is a company statement; the market definition and underlying source were not independently presented in the cited release, so it should be read as a company estimate rather than an independently verified market measurement.
NIO’s China operations also saw strategic investment and retail expansion during the reported periods:
- Strategic investors agreed to invest RMB3.3 billion in cash in NIO China on September 29, 2024; an announced agreement value is not the same as completed cash funding.
- As of March 21, 2025, strategic investors had injected RMB2.8 billion and NIO had injected RMB10 billion into NIO China.
- NIO completed a US$2.2 billion strategic equity investment from CYVN in December 2023.
- NIO held a 92.1% controlling equity interest in NIO China when the 2024 strategic-investment agreements were announced in September 2024.
- NIO opened 105 ONVO brand stores simultaneously in China on September 1, 2024; the opening count does not measure later operating status.
Sources: NIO September and Q3 2024 delivery update, NIO 2024 financial results, and NIO 2023 financial results.
Finally, NIO’s “other sales” category was RMB7,497.5 million in 2024, up 17.9% from 2023, and RMB6,360.7 million in 2023, up 69.1% from 2022. The category is mixed: it includes services, parts, power solutions and other non-vehicle revenue categories, so it should not be interpreted as a single product line.