Nio’s latest financial results show it remains heavily loss-making, in part a consequence of a price war in China.

Nio recorded a net loss of RMB 5.4 billion (US$756 million) in Q4 2023, representing a decrease of 7.2% from Q4 2022 and an increase of 17.8% from Q3 of 2023.

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Total revenues for the full-year 2023 were RMB 55.6 billion, with around RMB 49 billion vehicle sales.

Vehicle sales were RMB 15.4 billion (US$2.2 billion) in Q4 2023, representing an increase of 4.6% from the Q4 2022, but a decrease of 11.3% from the Q3 2023.

Vehicle deliveries were 50,045 in Q4 2023, consisting of 33,679 premium smart electric SUVs and 16,366 premium smart electric sedans, representing an increase of 25.0% from the fourth quarter of 2022, and a decrease of 9.7% from the third quarter of 2023.

Total revenues were RMB 17 billion (US$2.5 billion) in the fourth quarter of 2023, representing an increase of 6.5% from the fourth quarter of 2022 and a decrease of 10.3% from the third quarter of 2023.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

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