NIO's Q4 Profit Strategy Revealed

NIO founder William Li revealed at a user communication event that the company is expected to achieve profitability in the fourth quarter. He pointed out that the key to profitability lies in improving gross margin, increasing sales volume, and controlling costs. NIO delivered 40,397 vehicles in October, a year-on-year increase of 92.6%. Furthermore, Li stated 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.