Amid financial pressures experienced in the first quarter, NIO has recently undergone significant operational and organizational changes, particularly in refining its R&D investment management. The company has taken decisive steps to suspend non-essential R&D projects, aiming to allocate resources more efficiently. Li Bin, a key figure in these developments, emphasized that investing in technological R&D is not incompatible with refined management practices. He noted that in the past, project approval processes were often driven by emotions, lacking rigorous investment calculations and standardized project approval mechanisms.
