NIO plans to break even in the fourth quarter

NIO plans to break even in the fourth quarter of 2025, and its gross profit margin will be significantly improved, ensuring that the gross profit margin of the NIO brand exceeds 20% in the fourth quarter. At the same time, management also pointed out that R&D expenses in the fourth quarter will be between 2 billion yuan and 2.5 billion yuan, which will be a 20% to 25% efficiency improvement compared with the same period last year.