$NIO Inc. USD OV (NIO.SG)$ Glad I didn't increase my position. It's healthier to consider the ones already bought as losses. 🤣🤣🤣

$NIO Inc (NIO.US)$ Finance | Li Bin: Next year, Nio (09866) aims to double its sales. The company is expected to achieve profitability in 2026.
On the occasion of Nio's (09866) tenth anniversary, Chairman and CEO Li Bin issued an internal letter to the team, urging them to "stay true to their original aspirations and focus on action", and setting clear goals for the struggle. He stated that the next two years are crucial, continuous introduction of competitive new products, continuous improvement in operational efficiency, doubling sales next year, achieving company profitability in 2026, are essential tasks that cannot be neglected.
In the internal letter, he referred to the smart electric automobile industry qualification race entering the most intense and brutal phase, where only a few outstanding companies can survive two to three years later. The upcoming challenges involve facing higher dimensions of competition, no room for weaknesses, and no possibility of quick victories.
Li Bin pointed out that over the past decade, the company has experienced many ups and downs, with several profound lessons. At NIO, as long as we deviate from our original intention, the initial results may be good, but not sustainable, and soon will be punished by the market.
He wrote, "Every time we are able to overcome difficulties, it is because we return to our original intention and correct the practices that deviate from the core values of NIO." He urged the team to continue strengthening the bottom-up organizational capacity building, focusing on improving the operational efficiency of the basic business units.
Li Bin emphasized the importance of focusing on actions, "Good ideas without execution are just empty talk, and long-termism should not be an excuse for not performing well in the short term. After ten years of development, we have focused on smart electric automobiles...

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$NIO Inc (NIO.US)$ Leave.

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