Li Bin, the Chief Executive Officer of NIO, foresees 2025 as a banner year for the company's products and technologies, with operating results anticipated to enhance progressively each quarter, culminating in anticipated profitability in the fourth quarter. According to the latest financial report, NIO's revenue for the fourth quarter of 2024 reached RMB 19.7 billion, marking a 15% increase year-on-year, while the gross margin for complete vehicles surged to 13%. Despite this positive momentum, NIO reported a net loss of RMB 22.402 billion for the entire year of 2024, representing an 8.1% increase compared to the previous year. Notably, the fourth quarter loss amounted to RMB 7.112 billion, the highest quarterly loss for the year, posing a significant challenge to the company's profitability aspirations.