During an earnings call, Li Bin, the Chief Executive Officer of NIO, disclosed that the company's R&D system has witnessed a remarkable enhancement in efficiency this year, leading to a substantial boost in the return on investment (ROI) for its output. With the objective of preserving its long-term competitiveness, NIO intends to uphold its quarterly R&D investment at a range of RMB 2 to 2.5 billion in the upcoming year. This substantial investment will be primarily allocated towards the development of new vehicle models.
