NIO maintains R&D investment of 3-4 billion yuan per quarter

Li Bin, founder, chairman and CEO of NIO, said at the 2024 China Automotive Chongqing Forum that NIO will maintain R&D investment of 3 billion to 4 billion yuan per quarter. He emphasized that these investments will be mainly used for R&D and infrastructure construction. Li Bin also called on automakers to cooperate in areas involving infrastructure, because the ultimate success will be a collective success, not just the success of one company.