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China to Lift Fiscal Spending to Boost Economy
NIO Aims to Double Sales in 2025 and Keep a Lid on Costs
Who will Yu Chengdong and Wang Chuanfu choose as the Automotive Person of the Year? NIO's Li Bin responds.
Who will Yu Chengdong and Wang Chuanfu choose as the Automotive Person of the Year? NIO's Li Bin responds.
Express News | Corrected-NIO's Li: Expects to Increase the Number of NIO Battery Swapping Stations to 5,000 in 2025 (Not 2024) From More Than 3,000 This Year
Express News | Repeat-NIO's William Li: NIO's First EV Model Capable of Battery Swapping Developed for Automaker Partner Is Undergoing Winter Tests
Express News | Repeat-NIO's William Li: We Are Actively Evaluating the Impact of Latest U.S. Curbs on Chips
NIO will complete a fast battery swap network of 9 vertical and 9 horizontal routes within the year.
On December 12, during the communication meeting ahead of NIO Day 2024, NIO announced the latest progress in the construction of its charging and battery swapping infrastructure. As of December 12, NIO has built 2,779 battery swap stations nationwide, including 907 along highways. NIO aims to establish a national highway battery swap network covering 9 vertical and 9 horizontal routes within the year, with plans to construct over 900 highway battery swap stations, averaging one station approximately every 200 kilometers of highway. This marks the completion of the highway battery swap network construction between major cities in the country, making it the first domestic company to complete the coverage of charging and energy supply facilities along national highway trunk lines.
China's Auto Sector Gets Boost From National Trade-in Policy in November
China's Auto Circulation Association: The used car market was significantly active in December, with an average daily Trade volume reaching 0.0666 million vehicles.
On December 12, the China Automobile Dealers Association released the weekly report on the used car market.
NIO's Li Bin: Contemporary Amperex Technology and NVIDIA are very strong, calling on them to give us some profit.
NIO founder Li Bin responded to the media today regarding supply chain payment terms, stating that some partners in the supply chain are quite powerful, and both Contemporary Amperex Technology and NVIDIA are making a lot of money, so we have no bargaining power. This elicited laughter from the audience, and Li Bin jokingly called for them to let us have a bit of profit. (Sina Technology)
Nio's Li Bin: Collaborating closely with supply chain partners, payments are made within 90 days after acceptance.
On December 12, Li Bin, the founder of NIO, responded to the payment cycle for supply chain partners, stating that we are at a slightly above average level, with payment made within 90 days after acceptance. "There is no right to speak without investigation; you can just ask the supply chain partners," he said, indicating that our cooperation with supply chain partners is very close. (Sina Technology)
Express News | NIO's William Li Says Company's Third Factory Expected to Start Production in Q3 or Q4 Next Year
Li Bin of NIO: The entry of Technology companies like Huawei and Xiaomi has brought significant changes to the Industry.
On December 12, NIO founder Li Bin stated to the media that the competition in the electric Autos Industry is intense, and in two to three years, it will be clear who can remain at the table. The Industry is in a higher-dimensional competition, which is not just about products, Technology, and services, but also multi-dimensional and comprehensive competition, with no weaknesses allowed. Companies like Huawei and Xiaomi entering the field have greatly changed the Industry, while traditional Autos companies are making significant investments and Ventures are also building their capabilities comprehensively. (Sina Technology)
NIO's Li Bin: The company's Global Strategy direction is clear, many issues are related to execution problems.
On December 12, Li Bin, the founder of NIO, stated to the media that the company's strategic direction is clear, and many issues are related to execution. The company will not do a turnaround; this is not our way of doing things, and there will not be any dramatic adjustments that everyone expects. (Sina Technology)
Li Bin: NIO will not participate in a price war.
On December 12th, NIO founder Li Bin stated to the media that based on the adjustments from October, the NIO brand will not participate in a price war, and maintaining price stability is a reasonable choice for users and capital. To maintain sales, hard work is necessary. (Sina Technology)
NIO's Li Bin: This year, the Autos industry is doing very well, although competition is quite intense.
On December 12, NIO founder Li Bin told the media that this year, the competitors in the Autos industry performed quite well, even though competition is fierce. It is believed that there will still be growth next year compared to this year, but market competition will be quite brutal, as new entrants must be aggressive to establish themselves, while traditional companies will inevitably have to lower prices to maintain their market share.
NIO's Li Bin: Japanese and South Korean car manufacturers will definitely not be able to hold their ground in the China market.
On December 12, NIO founder Li Bin stated to the media that the competitors for Chinese auto companies are brands from Japan and South Korea, which hold about 40% share globally. However, Japanese and South Korean automakers will surely not be able to maintain their position in the Chinese market, where it is normal for Chinese auto companies to have over 80% market share. There are great opportunities for Chinese companies. (Sina Technology)
Li Bin: The fluctuations in Nio's sales in October and November are not influenced by any hype.
On December 12, Nio founder Li Bin stated to the media that Nio can operate multiple brands to serve users with different needs and has the capability for multi-brand, multi-platform, and multi-regional Operation. However, there should be a reasonable distinction between the Nio brand and the Ideal brand. The fluctuation in Nio's sales in October and November was not influenced by Ideal, but rather because a number of promotions were retracted. In fact, last month, Ideal even helped Nio sell two to three hundred cars. (Sina Technology)
【Brokerage Focus】浦银国际指出 Shanxi Guoxin Energy Corporation's overseas expansion of Electric Vehicles manufacturers is accelerating, with LEAPMOTOR (09863) and Xiaopeng Motors (09868) as top picks.
Jinwu Financial News | According to a research report from Ping An International, the recognition of Electric Vehicles made in China continues to rise overseas. Although there have been recent negative impacts from European tariffs and demand disturbances, the momentum for the export of self-owned brand hybrid models to developing countries remains strong. With China's advantages in scale for Electric Vehicles and the demand for market expansion, more and more Electric Vehicle products made in China are entering international markets, and recognition overseas is consistently increasing. From January to November this year, the cumulative sales volume of China's Electric Passenger Vehicle exports has increased by 16% year-on-year. In terms of technical level and product competitiveness, especially in the exploration of intelligent driving-related technologies.
Express News | NIO's William Li Says Company's Growth Is Two Years Slower Than Original Plan Mainly Due to Weak Execution; Will Further Improve Efficiency, Cost Control