Zhong Guo Ji Jin Bao·2025-11-27 16:17Core Viewpoint - NIO's founder and CEO Li Bin emphasized the company's commitment to focusing solely on the automotive business and not diversifying into other sectors like AI or robotics [2][7]. Financial Performance - Li Bin expressed confidence in achieving profitability in Q4 2025, with a target revenue of between 327.58 billion to 340.39 billion yuan [4][5]. - In Q3 2025, NIO reported an adjusted net loss of 2.74 billion yuan, a year-on-year decrease of 38.0% and a quarter-on-quarter decrease of 33.7% [5]. - The gross margin for NIO in Q3 2025 was 13.9%, the highest quarterly margin in three years, with a vehicle gross margin of 14.7%, reflecting a year-on-year increase of 1.6 percentage points and a quarter-on-quarter increase of 3.4 percentage points [5][6]. Product Strategy - NIO plans to launch three new electric vehicle models in 2026, alongside the recently introduced ES8 and L90, aiming to enhance gross margins through cost reduction and expense control [6]. - The company is focusing on high-priced, high-margin models, which have shown better-than-expected delivery numbers [5]. Market Positioning - NIO currently holds less than 2% of the global automotive market share, indicating significant growth potential within the automotive sector [7]. - Li Bin stated that while the robotics market is substantial, NIO will not enter this field immediately, preferring to concentrate on selling cars [9]. Company Focus - NIO aims to become a "super-focused" company, with all future business closely related to the automotive industry [7]. - The company has previously ventured into other areas, such as AR glasses, but has not made significant progress in those sectors [8].