Jing Ji Guan Cha Bao·2025-04-29 08:11Core Viewpoint - NIO's co-founder Qin Lihong stated that range-extended hybrid technology is not a cost-saving solution, and that pure electric vehicles combined with battery swapping are the optimal solution for increasing driving range [1] Group 1: Electric Vehicle Strategy - NIO focuses exclusively on pure electric vehicles and has not ventured into range-extended hybrids, distinguishing itself in the market [1] - The newly launched Ladao L90, a pure electric large SUV, aims to address the lack of spacious vehicles that can accommodate multiple passengers and luggage [2] - NIO has established over 3,200 battery swapping stations nationwide, with more than 1,900 compatible with the Ladao brand, and this number continues to grow [2] Group 2: Market Performance and Challenges - The Ladao brand's market performance has not met expectations, with over 37,000 units of the Ladao L60 delivered in its first six months, indicating potential in its segment [3] - Three main reasons for Ladao's underperformance include overly high initial product expectations, unfulfilled company commitments, and execution shortcomings [3] - The new CEO of Ladao, Shen Fei, plans to rebuild team confidence and improve foundational capabilities to enhance market position [3] Group 3: Profitability Goals - NIO is accelerating efforts to achieve profitability by the fourth quarter, with Ladao playing a crucial role in this objective [4] - The company aims for reasonable sales growth, improved vehicle gross margins, and enhanced cost management to support profitability [4] - Qin Lihong emphasized that the performance in the fourth quarter will depend on current and future efforts rather than last-minute actions [4]