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On April 14, Nio celebrated the delivery of its 100,000th vehicle in Shanghai, an occasion marked by CEO Li Bin's attendance and a poignant speech. Li Bin emphasized that if the company fails to achieve profitability and sustain healthy operations, he would deem himself inadequate in his role as CEO. He disclosed that while he has received numerous suggestions, he will carefully consider each one, prioritizing what is most beneficial for the company. Notably, Nio's 2024 financial report revealed a year-on-year increase in both revenue and gross profit, with a gross profit margin of 9.9%, an improvement of 4.4 percentage points from the previous year. Despite this progress, the net profit attributable to shareholders remained in the red, incurring a loss of over 22.6 billion yuan, which widened by over 7% year-on-year.
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