Hu Xiu·2025-09-03 03:16Core Insights - NIO has been operating for 11 years but has accumulated losses of 22.4 billion [1] - The founder, Li Bin, has shifted from an idealist to a pragmatic fighter, focusing on detailed financial management [1] - The company is cutting projects and reducing services, with its mobile phone business nearing extinction [1] Financial Performance - NIO's investment in battery swap stations amounts to 6 billion, yet profitability remains elusive [1] - The company is willing to endure significant losses, even selling vehicles at a loss of 100,000 per unit [1] Strategic Focus - NIO is committed to maintaining a high-end market position and prioritizing user experience despite financial challenges [1] - The company is outsourcing expensive services as part of its cost-cutting measures [1]