If profitability cannot be achieved as expected in the fourth quarter of this year, it will be a major test for Nio's long-term development and business model, Li said. $NIO https://t.co/KpDAwjt7Lp
"We will enter 25 countries and regions this year, and so far there is no problem with that." $NIO https://t.co/KpDAwjszVR
Firefly will start deliveries at the end of April, and there is an eight-month product cycle this year. $NIO https://t.co/KpDAwjszVR
Nio Inc. reported a widening annual net loss of 8.1%, prompting a decline in its shares. The company anticipates reaching breakeven by the end of 2025, with expectations of doubling sales volume compared to the previous year. Nio plans to launch nine new models under three brands, including the highly anticipated ET9, which is set to begin sales. The CEO, William Li, indicated that the main brand will introduce a significant model in Q4 2025, while Onvo is expected to start deliveries of a new model, potentially named L80, in the same quarter. Additionally, the Onvo L90 will be unveiled at the upcoming Shanghai auto show. Nio aims to enter 25 countries and regions this year, with no reported issues in its expansion plans. However, Li cautioned that failure to achieve profitability in Q4 could pose a major challenge for the company's long-term viability.
