Core Viewpoint - Li Bin, the founder of NIO, acknowledged that the 60 billion RMB investment in R&D cannot guarantee high efficiency for every penny spent, as the true value of projects can only be assessed after their completion and market performance [1][2] Group 1: R&D Investment Breakdown - The 60 billion RMB investment is allocated to several key areas: foundational technologies, core components that reflect in products (such as chips, electric drives, battery packs, and seats), and vehicle development including software applications [1] - Li Bin emphasized that the investment not only benefits NIO but also has a significant impact on the entire industry, including talent cultivation [1] Group 2: ROI Management - NIO has implemented ROI (Return on Investment) closed-loop management for every project since the second half of last year, focusing on identifying projects that create real value for users and generate revenue for the company [2] - The company will not reduce R&D return targets or the scope of R&D but aims to improve efficiency to achieve better product development and technological outcomes with less financial input [2]

Core Insights - NIO's founder Li Bin acknowledged that the 60 billion RMB investment in R&D may not be entirely efficient, as the true value of projects can only be assessed post-launch [1] - The R&D budget is allocated primarily to foundational technologies, core components, and specific vehicle models, which includes software applications [1] - The company emphasizes the importance of setting long-term return targets and conducting ROI assessments for each project to ensure value creation [1] R&D Investment Breakdown - The 60 billion RMB investment is divided into several key areas: foundational technologies, core components like chips and batteries, and vehicle model development [1] - Li Bin highlighted that the investment not only benefits NIO but also has a positive impact on the entire industry, including talent cultivation [1] Project Management and ROI - Since the second half of last year, NIO has implemented ROI closed-loop management for all projects to identify those that create real value for users and revenue for the company [1] - The company will not reduce R&D return targets or scope but aims to improve efficiency to achieve better results with less financial input [1]

Core Insights - NIO's founder Li Bin acknowledged that the 60 billion RMB investment in R&D may not be entirely efficient, as the true value of projects can only be assessed post-launch [1] - The R&D budget is allocated to foundational technologies, core components, and specific vehicle models, which includes software applications and advanced driver-assistance systems [1] - The company emphasizes the importance of setting return targets and evaluating return periods based on different types of R&D, advocating for long-term ROI assessments [1] R&D Investment Breakdown - The 60 billion RMB investment is primarily focused on three areas: foundational technologies, core components like chips and batteries, and vehicle model development [1] - Li Bin highlighted that the investment not only benefits NIO but also has a positive impact on the entire industry, including talent cultivation [1] Project Management and ROI - Since the second half of last year, NIO has implemented ROI closed-loop management for every project to identify those that create real value for users and generate profits for the company [1] - The company will not reduce R&D return targets or scope but aims to improve efficiency to achieve better product development outcomes with less financial input [1]

Core Insights - NIO's founder Li Bin acknowledged that the 60 billion RMB investment in R&D may not be entirely efficient, as the true value of projects can only be assessed post-launch [1] - The R&D budget is allocated primarily to foundational technologies, core components, and specific vehicle models, including software applications [1] - NIO has implemented ROI closed-loop management for all projects since last year, focusing on identifying projects that create real value for users and revenue for the company [1] R&D Investment Breakdown - The 60 billion RMB investment is divided into several key areas: foundational technology, core components (like chips and batteries), and vehicle model development [1] - Li Bin emphasized the importance of setting return targets and evaluation periods based on different types of R&D, advocating for long-term assessments rather than short-term returns [1] Project Management Approach - NIO will not reduce R&D return targets or scope but aims to improve efficiency to achieve better product development outcomes with less financial input [1] - Each project must undergo a financial assessment to ensure clarity on ROI, with a focus on accountability and value creation [1]