Title: Li Bin: NIO's Q4 Profitability Expected

NIO founder William Li recently stated at a user communication meeting that NIO is expected to achieve profitability in the fourth quarter. He pointed out that the company's gross margin has improved, and sales have also achieved significant growth. In October, NIO delivered 40,397 vehicles, a year-on-year increase of 92.6%. Furthermore, Li revealed that most of the capital-intensive projects were completed in the third quarter, thus creating a certain opportunity to achieve profitability in the fourth quarter.