Nio (NIO) Research & Development (2017 - 2026)
Nio (NIO) recorded Research & Development of $316.12 million in Q2 2026, down 24.7% from $419.77 million a year earlier but up 15.7% from the prior quarter.
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Analysis
Nio (NIO) Research & Development (2017 - 2026) Analysis & Trends
On a TTM basis, Nio's Research & Development came in at $1.21 billion as of Jun 30, 2026, down 33.6% year-over-year; for FY2025, it was $1.52 billion, down 15.1% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 31.8% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $1.79 billion in FY2024 (-5.6%), $1.89 billion in FY2023 (+20.4%), $1.57 billion in FY2022 (+118.0%) and $720.56 million in FY2021 (+89.0%).
- Quarterly Research & Development has ranged from $185.17 million in Q3 2021 to $577.13 million in Q4 2022 over the past five years.
- On a year-over-year basis, Research & Development has declined for five consecutive quarters, with an average decline of 15.7% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 165.2% in Q1 2022, against a decline of 41.8% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $273.27 million (Q1 2026), $289.71 million (Q4 2025) and $335.81 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,290.96 Bn | 1,116.99 Bn | 4.75 Bn | 2.37 Bn |
| 2 | General Motors | 77.08 Bn | -27.53 Bn | 9.28 Bn | - |
| 3 | Ferrari | 75.15 Bn | 67.64 Bn | 1.18 Bn | 252.82 Mn |
| 4 | Ford Motor | 49.34 Bn | -85.08 Bn | 7.38 Bn | - |
| 5 | Honda Motor | 45.53 Bn | -104.28 Bn | 8.46 Bn | 1.53 Bn |
| 6 | Toyota Motor | 25.55 Bn | -375.27 Bn | 20.95 Bn | - |
| 7 | Rivian Automotive | 19.18 Bn | -2.54 Bn | 176.00 Mn | 485.00 Mn |
| 8 | Magna International | 17.73 Bn | 11.71 Bn | 1.63 Bn | - |
| 9 | Stellantis | 13.16 Bn | -148.28 Bn | 3.94 Bn | 1.53 Bn |
| 10 | Nio | 7.25 Bn | -16.46 Bn | 870.51 Mn | 316.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 316.12 Mn |
| Mar 31, 2026 | 273.27 Mn |
| Dec 31, 2025 | 289.71 Mn |
| Sep 30, 2025 | 335.81 Mn |
| Jun 30, 2025 | 419.77 Mn |
| Mar 31, 2025 | 438.41 Mn |
| Dec 31, 2024 | 498.11 Mn |
| Sep 30, 2024 | 472.92 Mn |
| Jun 30, 2024 | 442.88 Mn |
| Mar 31, 2024 | 396.69 Mn |
| Dec 31, 2023 | 559.46 Mn |
| Sep 30, 2023 | 416.54 Mn |
| Jun 30, 2023 | 461.24 Mn |
| Mar 31, 2023 | 447.84 Mn |
| Dec 31, 2022 | 577.13 Mn |
| Sep 30, 2022 | 413.93 Mn |
| Jun 30, 2022 | 320.91 Mn |
| Mar 31, 2022 | 277.90 Mn |
| Dec 31, 2021 | 286.00 Mn |
| Sep 30, 2021 | 185.17 Mn |
API Access
Nio Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=NIO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "NIO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=NIO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();