Weilai founder Li Bin said the launch of the new brand was not due to heavy losses

Li Bin, founder of NIO, said that the company launched the new brand Ledao Automobile not because of heavy losses, but because it hopes to achieve a return on investment through the new brand. Although NIO has invested more than 43 billion yuan in research and development, its sales volume is still not enough to dilute the research and development investment. Therefore, launching a new brand will help improve the company's profitability.