NIO(US:NIO) 21世纪经济报道·2025-07-07 06:38Core Viewpoint - The article discusses the recent developments regarding NIO Inc., including its financial losses, restructuring efforts, and the dissolution of its joint venture with Jianghuai Automobile Group. Group 1: Company Developments - Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. has announced its dissolution due to a resolution to disband, with the announcement period from June 10 to July 24 [1] - NIO's cumulative losses have exceeded 100 billion yuan, with a net loss of 68.91 billion yuan in Q1 2025, marking a year-on-year increase [3][7] - NIO's total revenue for Q1 2025 was 120.35 billion yuan, a year-on-year increase of 21.5%, but a quarter-on-quarter decrease of 38.9% [7][8] Group 2: Financial Performance - In Q1 2025, NIO delivered 42,094 vehicles, a year-on-year increase of 40.1% but a quarter-on-quarter decrease of 42.1% [7] - The gross profit for Q1 2025 was 919.6 million yuan, down 60.2% from the previous quarter [8] - NIO's vehicle margin decreased to 10.2% in Q1 2025, down from 13.1% in Q4 2024 [8] Group 3: Strategic Initiatives - NIO's R&D expenditure for 2024 is projected to be 130.37 billion yuan, leading among its competitors [6] - The company is undergoing organizational reforms aimed at cost reduction and efficiency improvement [7] - NIO plans to launch new models, including the L90, which is expected to start at under 300,000 yuan, as part of its product release cycle [11]