NIO's Q4 profit target: monthly sales plan to remain above 50,000 vehicles

Li Bin is very determined to achieve profitability in the fourth quarter of this year, and he also proposed two ways to achieve profitability: reduce investment, R&D expenses account for 6%-7% of revenue, and sales expenses account for 10% of revenue. By the fourth quarter of this year, Weilai plans to maintain monthly sales of more than 50,000 vehicles, of which Weilai needs to deliver 25,000 vehicles, Ledao needs to deliver 25,000 vehicles, and Firefly needs to deliver more than 1,000 vehicles.