NIO Inc
NYSE:NIO
NIO Inc
Tax Provision
NIO Inc
Tax Provision Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Tax Provision | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
NIO Inc
NYSE:NIO
|
Tax Provision
-¥280.2m
|
CAGR 3-Years
-197%
|
CAGR 5-Years
-67%
|
CAGR 10-Years
N/A
|
|
|
Li Auto Inc
HKEX:2015
|
Tax Provision
¥1.4B
|
CAGR 3-Years
290%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Great Wall Motor Co Ltd
SSE:601633
|
Tax Provision
-¥1.8B
|
CAGR 3-Years
-32%
|
CAGR 5-Years
-10%
|
CAGR 10-Years
-1%
|
|
|
BYD Co Ltd
SZSE:002594
|
Tax Provision
-¥7.3B
|
CAGR 3-Years
-116%
|
CAGR 5-Years
-55%
|
CAGR 10-Years
-72%
|
|
|
Seres Group Co Ltd
SSE:601127
|
Tax Provision
-¥545.2m
|
CAGR 3-Years
-165%
|
CAGR 5-Years
-22%
|
CAGR 10-Years
N/A
|
|
|
SAIC Motor Corp Ltd
SSE:600104
|
Tax Provision
-¥3.2B
|
CAGR 3-Years
33%
|
CAGR 5-Years
8%
|
CAGR 10-Years
6%
|
|
NIO Inc
Glance View
In the bustling heart of China's innovation hub, the city of Shanghai, NIO Inc. emerged in 2014 as one of the frontrunners in the electric vehicle revolution. This startup, with an eye on revolutionizing the transportation industry, quickly established itself as a formidable competitor to electric vehicle giants like Tesla. NIO's primary focus is on designing, manufacturing, and selling smart electric vehicles that blend cutting-edge technology with luxury aesthetics, appealing to a growing demographic of environmentally conscious consumers eager for sustainable mobility solutions. At its core, NIO operates through the design and production of electric vehicles (EVs) that emphasize technological integration and user experience. Its vehicles are equipped with advanced features such as NIO Pilot—an autonomous driving system, and NOMI—an artificial intelligence-powered in-car assistant. NIO's business model extends beyond merely selling EVs; it also includes a unique Battery-as-a-Service (BaaS) solution, which allows customers to subscribe to battery packs instead of purchasing them outright. This not only reduces the upfront cost of NIO’s electric vehicles but also alleviates consumer concerns about battery life degradation. Moreover, NIO has been actively developing a network of battery swapping stations, enhancing the convenience of owning an EV by allowing quick battery changes to keep vehicles on the road longer. These innovative approaches enable NIO to generate recurring revenue streams while building brand loyalty. By integrating premium services and products, NIO caters to a growing electric vehicle market, working to position itself as a key player in reshaping global transportation landscapes.
See Also
What is NIO Inc's Tax Provision?
Tax Provision
-280.2m
CNY
Based on the financial report for Sep 30, 2024, NIO Inc's Tax Provision amounts to -280.2m CNY.
What is NIO Inc's Tax Provision growth rate?
Tax Provision CAGR 5Y
-67%
Over the last year, the Tax Provision growth was -526%. The average annual Tax Provision growth rates for NIO Inc have been -197% over the past three years , -67% over the past five years .
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