Li Bin, founder of NIO, explains the sales outlook

Li Bin, founder, chairman and CEO of NIO, answered questions about NIO's sales in a conference call. He said that although NIO is confident that it can further increase sales, it is more important to balance sales and gross profit. He hopes to achieve sales growth while increasing gross profit, but he does not expect a particularly large jump. Li Bin believes that in the long run, the NIO brand will focus on the RMB 300,000 market segment, and believes that with the release of new products and product updates, it is a reasonable goal for NIO to achieve 30,000 to 40,000 BEVs (pure electric vehicles) per month in the Chinese market.