NIO
Financials
Estimates*
| CNY | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 16.3b | 36.1b | 49.3b | 55.6b | 68.6b | 96.2b | 113.3b |
| % growth | 108 % | 122 % | 36 % | 13 % | 23 % | 40 % | 18 % |
| EBITDA | (4.9b) | (3.3b) | (14.2b) | (15.3b) | (16.2b) | (11.1b) | (5.6b) |
| % EBITDA margin | (30 %) | (9 %) | (29 %) | (28 %) | (24 %) | (12 %) | (5 %) |
| Profit | (5.3b) | (10.6b) | (14.6b) | (21.1b) | (18.1b) | (13.6b) | (9.5b) |
| % profit margin | (33 %) | (29 %) | (30 %) | (38 %) | (26 %) | (14 %) | (8 %) |
| EV / revenue | 28.5x | 7.8x | 1.8x | 1.9x | 0.8x | 0.6x | 0.5x |
| EV / EBITDA | -95.0x | -84.7x | -6.2x | -7.0x | -3.6x | -5.3x | -10.5x |
| R&D budget | 2.5b | 4.6b | 10.8b | 13.4b | - | - | - |
| R&D % of revenue | 15 % | 13 % | 22 % | 24 % | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| N/A | $347m | Series A | |
$500m | Series B | ||
N/A | Series C | ||
$600m Valuation: $3.0b | Late VC | ||
* | $1.0b Valuation: $5.0b | Series D | |
| N/A | $1.0b Valuation: $6.4b 0.9x EV/LTM Revenues -8.9x EV/LTM EBITDA | IPO | |
N/A | Post IPO Equity | ||
* | $650m | Convertible | |
$1.5b | Post IPO Equity | ||
$200m | Post IPO Debt | ||
| N/A | $100m | Post IPO Debt | |
| N/A | $235m | Post IPO Debt | |
$1.0b | Post IPO Equity | ||
| N/A | $1.5b | Post IPO Convertible | |
* | $739m | Post IPO Equity | |
* | N/A | $1.0b | Post IPO Convertible |
* | $2.2b | Post IPO Equity | |
| Total Funding | AUD4.8b | ||
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Recent News about NIO
EditNIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO launched the ES8, a seven-seater flagship premium smart electric SUV in December 2017, and began deliveries of the ES8 in June 2018 and its variant, the six-seater ES8, in March 2019. NIO launched the ES6, a five-seater high-performance premium smart electric SUV, in December 2018, and began deliveries of the ES6 in June 2019. NIO launched the EC6, a five-seater premium smart electric coupe SUV, in December 2019, and began deliveries of the EC6 in September 2020. NIO launched the ET7, a flagship premium smart electric sedan, in January 2021, and began deliveries of the ET7 in March 2022. NIO launched the ET5, a mid-size premium smart electric sedan, in December 2021. NIO launched the ES7, a mid-large five-seater premium smart electric SUV, in June 2022.
