Capital Expenditures for NIO (NIO)
According to NIO's latest reported financial statements, the company's current capital expenditures (TTM) is $7.75B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NIO
Currently viewingCapital ExpendituresSwitch metric
Latest period
$7.75B
YoY change
-33.7%
5Y CAGR
+40.0%
Peak year (2023)
$14.34B
Cumulative capital expenditures
$47.85B
CapEx history chart for NIO (NIO) from 2016 to 2025
CapEx history table for NIO (NIO) from 2016 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $6.07B | -33.7% | ||
| 2024 | $9.14B | -36.2% | ||
| 2023 | $14.34B | +105.7% | ||
| 2022 | $6.97B | +71.0% | ||
| 2021 | $4.08B | +261.7% | ||
| 2020 | $1.13B | -33.9% | ||
| 2019 | $1.71B | -35.4% | ||
| 2018 | $2.64B | +137.4% | ||
| 2017 | $1.11B | +70.2% | ||
| 2016 | $654.46M | — |
CapEx values are taken from NIO's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in CNY as filed.
Analysis
As of the 2025 fiscal year, NIO (NIO) reported capital expenditures of $6.07B – plunged 33.7% year-over-year.
NIO capital expenditures has recorded the values shown across consecutive periods, with a +40.0% compound annual growth rate over 2020–2025 (5 years).
NIO capital expenditures plunged from $14.34B in 2023 to $6.07B in 2025, a 57.7% drawdown.
$14.34B stands as the all-time-high annual capital expenditures, posted in 2023, against a low of $654.46M during 2016.
NIO (NIO) sits 4th of 8 Consumer Cyclical peers we track on this metric, against a peer median of $3.52B.
NIO Capital Expenditures by Year
NIO Capital Expenditures 2025: $6.07B
NIO capital expenditures in 2025 was $6.07B, plunged 33.7% below 2024.
NIO Capital Expenditures 2024: $9.14B
NIO capital expenditures in 2024 was $9.14B, plunged 36.2% below 2023.
NIO Capital Expenditures 2023: $14.34B
NIO capital expenditures in 2023 was $14.34B, surged 105.7% from 2022. This figure represents the highest annual value in the available history.
NIO Capital Expenditures 2022: $6.97B
NIO capital expenditures in 2022 was $6.97B, surged 71.0% from 2021.
NIO Capital Expenditures 2021: $4.08B
NIO capital expenditures in 2021 was $4.08B.
See more financial history for NIO (NIO).
Sector peers — CapEx
Companies in the same sector as NIO, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Amazon.com, Inc. (AMZN) | $131.82B | Consumer Cyclical |
| Alibaba Group Holding Limited (BABA) | $86.66B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $8.53B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $3.68B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $3.37B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $1.96B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $322.00M | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $0 | Consumer Cyclical |
Frequently asked questions
What is NIO's capital expenditures?
- Latest reported capital expenditures for NIO (NIO) is $7.75B (period ending June 30, 2025).
How has NIO capital expenditures changed year-over-year?
- NIO (NIO) capital expenditures changed -33.7% year-over-year on the latest annual filing.
What is the long-term growth rate of NIO capital expenditures?
- NIO (NIO) capital expenditures compound annual growth rate is +40.0% over the most recent 5 years available.
When did NIO capital expenditures hit its highest annual value?
- NIO capital expenditures reached its highest annual value of $14.34B in 2023.
What was NIO capital expenditures in 2024?
- NIO (NIO) capital expenditures in 2024 was $9.14B.
What was NIO capital expenditures in 2025?
- NIO (NIO) capital expenditures in 2025 was $6.07B.
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