$NIO Inc (NIO.US)$ On November 20th, NIO founder Li Bin stat...

$NIO Inc (NIO.US)$ On November 20th, NIO founder Li Bin stated during the third quarter financial report conference call in 2024: "With sales doubling next year, the overall operation will continue to achieve positive growth, and losses are expected to narrow next year, with the goal of achieving profitability by 2026."

This year, NIO launched its second brand, LeDo, with the first model L60 starting deliveries on September 28th. Li Bin mentioned that the company will accelerate the entire supply chain production process, with production capacity expected to exceed 0.01 million units in December, and reach 0.02 million units by March next year. In addition, NIO officially named its third brand "firefly", which will be unveiled on NIO Day 2024 on December 21st, with the first model set to start deliveries in the first half of 2025. Firefly is positioned in the high-end small car market within NIO, equivalent to BMW's MINI, further enriching the company's product portfolio and contributing efficiently to sales through existing sales channels.