Weilai Li Bin responds to "Where did the money go"

Li Bin, founder and chairman of NIO, said that in terms of research and development, NIO has invested a total of about 60 billion yuan since its establishment, of which the total investment in research and development for the whole year of 2024 is 13.037 billion yuan, and the investment in research and development in the fourth quarter is 3.64 billion yuan. These investments are mainly used for technological innovation and product upgrades. In terms of management and operation, Li Bin admitted that NIO has paid a lot of "tuition fees" in the past and also wasted some money. In addition, NIO has also invested heavily in the construction of battery replacement networks and charging piles. It is not only deployed in popular areas such as city centers, but also in some remote areas to deploy charging piles to improve the charging network and enhance the charging convenience of users.