| (Values in U.S. Thousands) | Dec, 2023 | Dec, 2022 | Dec, 2021 | Dec, 2020 | Dec, 2019 |
| Sales | 7,833,620 | 7,143,270 | 5,670,590 | 2,491,640 | 1,123,980 |
| Sales Growth | +9.66% | +25.97% | +127.58% | +121.68% | +56.08% |
| Net Income | -2,935,790 | -2,070,420 | -625,450 | -812,130 | -1,621,210 |
| Net Income Growth | -41.80% | -231.03% | +22.99% | +49.91% | -16.14% |
Nio Inc ADR (NIO)
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NIO is a pioneer in China's EV market. NIO's unique selling proposition is to provide EVs at competitive pricing. Importantly, NIO does not really manufacture its own cars. It contracts state-owned JAC Motors, headquartered in eastern China's Anhui province, to make vehicles. In turn, JAC charges fee for every car. In fact, NIO does not have a dealership network and instead sells its vehicles through apps and a network of swanky NIO Houses, located in some of the most expensive areas of China's largest cities.
Fiscal Year End Date: 12/31