NIO plans to achieve profitability in the fourth quarter of this year

On August 1st, NIO Chairman William Li Bin stated that the Ledao L90 is a key strategic product for the company and will help NIO achieve profitability in the fourth quarter of this year. Positioned as a smart, spacious family car, with a starting price of 265,800 yuan, it offers a reasonable gross profit margin. NIO co-founder Qin Lihong stated that pricing is based on system capabilities, including technology and manufacturing. Regarding competition with the Ideal i8, Li Bin described them as teammates.