On August 22, Li Bin, the visionary behind NIO, disclosed at the unveiling of the new ES8 that the company has allocated a substantial sum of 60 billion yuan towards research and development. Acknowledging the inherent challenge of accurately gauging the worth and anticipated outcomes of R&D initiatives at their inception, Li likened this uncertainty to the unpredictability of whether a novel car model will meet sales projections until it hits the market. Nevertheless, he underscored NIO's unwavering commitment to maintaining its ambitious R&D objectives and scope. Instead of scaling back, NIO aims to deliver superior products and technological advancements while optimizing R&D efficiency to maximize returns on investment.