Xin Lang Cai Jing·2025-11-23 01:23Core Insights - NIO's chairman Li Bin emphasized the effectiveness of organizational changes over the past year, highlighting a more cost-conscious approach in operations [1] - The competition in the smart electric vehicle market is entering its final stage, with a clear competitive landscape expected in five years and stability in ten years [1] - Li Bin reiterated the goal for NIO to achieve profitability in Q4, stating that as a Chinese company, it cannot afford to wait as long as Amazon or Tesla for profitability [4] Company Performance - NIO delivered a record 40,397 vehicles in October 2025, marking a year-on-year increase of 92.6%, with cumulative deliveries reaching 913,182 vehicles by October 31, 2025 [4] - The October deliveries included 17,143 vehicles from the NIO brand, 17,342 from the Ladao brand, and 5,912 from the Firefly brand [4] - Li Bin noted that the sales and gross margins for the year have been strong, indicating a positive outlook for the fourth quarter despite no new vehicle launches or NIO Day events [4]