Nio's full-time workforce increased by a net 6,057, or 22.63 percent, in 2023.
Nio (NYSE: NIO) today released its 2023 ESG Report (Environmental, Social and Governance Report), revealing some interesting data.
At the end of 2023, Nio had 32,820 full-time employees, and 4,097 part-time employees, according to the ESG report.
At the end of 2022, Nio had 26,763 full-time employees, according to its 2022 ESG report, which did not disclose the number of part-time employees.
This means that Nio's number of full-time employees increased by a net 6,057, or 22.63 percent, in 2023.
Nio's full-time employees are primarily in its home market, numbering 31,506, or 96 percent, in China.
In overseas markets, Nio's full-time employees are primarily in Europe, with 1,188, or 3.6 percent of the company's global workforce and 90 percent of its overseas workforce.
At the end of 2023, Nio had 122 full-time employees in North America and four in other regions.
Of its total full-time employees, 23,020, or 70 percent, were male, 8,139 were female, and 1,661 were of undisclosed gender.
Nio's full-time employees are predominantly aged 31-50, at 18,326, or 56 percent. This is followed by employees under the age of 30 at 13,240. The company had 53 employees over the age of 51 at the end of 2023.
The company had 234 senior managers, 12,743 mid-level managers and 19,843 general employees.
There were13,886 new full-time employees joining Nio in 2023. This means that the company had 7,829 departures in 2023, considering a net increase of 6,057.
Of the new additions, 13,353 were in China, 507 in Europe, 24 in North America and 2 in other regions.
Additionally, the ESG report shows that Nio consumed 55,495.53 MWh of renewable electricity in 2023, a 283.7 percent year-on-year increase.
As of the end of the reporting period, the total installed photovoltaic capacity of Nio Advanced Manufacturing Center (F1), Nio Factory Two (F2) in Hefei Xinqiao, EDS Factory 0 (E0) in Nanjing, and EDS Factory 1 (E1) in Hefei reached 67.63MW, according to the report.
About 80 percent of the company's parts value from its component partners is located in the Yangtze River Delta region, with 40 percent coming from Anhui province, where the F1 and F2 plants are located.
In 2023, Nio's cumulative R&D investment was RMB 13.43 billion ($1.85 billion), with a total of 8,478 granted and pending patents in the US, China, Europe and other regions.
($1 = RMB 7.2626)
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