On March 10, NIO embarked on a profound organizational transformation, reassessing the necessity of its various businesses and projects with a keen focus on harmonizing long-term value creation with short-term operational objectives. Recognizing that planning horizons extending beyond three years may be overly ambitious, the company has shifted its focus to maximizing user benefits and operational efficiency within this immediate timeframe. Consequently, NIO's diverse business units are proactively streamlining and consolidating departments in alignment with annual operational goals, allocating resources to projects poised to deliver value within the next three years. Illustratively, NIO's mobile phone business has undergone significant restructuring since December of last year, with the mobile phone software team integrating into the digital cockpit team and redundant positions being efficiently eliminated.