TacticScaleWhat NIO Does & How It Makes Money (9866.HK)
Updated October 2026 · reflects NIO's latest reported financials
Chinese maker of premium smart electric SUVs and sedans. NIO earns most of its revenue from selling electric vehicles.
How NIO makes money
NIO earns most of its revenue from selling electric vehicles. It also makes money from energy and service packages, charging and battery-swap services, after-sales maintenance, accessories sold through its NIO Auto Mall app, and auto financing arrangements.
What NIO does
NIO Inc. is a Shanghai-based electric vehicle company that designs, develops, manufactures and sells smart electric SUVs and sedans in China, Europe and other international markets. Founded in 2014 as NextEV and renamed NIO in 2017, it also makes key parts in-house, including electric powertrains, battery packs and other components. What sets NIO apart is its broad energy and service ecosystem built around its cars. Its Power solutions include Power Swap battery swapping, Power Home home chargers, Power Charger and Destination Chargers, Power Mobile charging vans, the Power Map charger-finder app, and One Click valet charging. NIO also offers owners repair and maintenance, insurance, financing, remote diagnostics and delivery services, and sells accessories and add-on services through its NIO Auto Mall app.
Products & services
- Smart electric SUVs (five- and six-seater)
- Smart electric sedans
- Power Swap battery-swapping service
- Power Home home charging
- Power Charger & Destination Charger
- NIO Auto Mall app
What is NIO worth?
A reliable owner-earnings fair value isn't available for this company yet — we'd rather say so than print a number we don't trust.
We show a fair value only when the method is trustworthy. See NIO on TacticScale →