In a recent private communication meeting, NIO's founder, chairman, and CEO Li Bin, along with co-founder and president Qin Lihong, outlined the company's transformation strategies aimed at achieving profitability by the fourth quarter of this year. Li Bin announced that NIO will fully embrace the management measures of the CBU (Basic Business Unit) mechanism, transitioning from a budget-centric system to an operations-focused approach. This shift will emphasize ROI (Return on Investment), foster a company-wide culture of operational awareness, and facilitate meticulous cost management.
