Li Bin, the visionary founder of NIO, alongside President Qin Lihong, recently addressed a range of topics including financial reports, sales targets, and product lines. They delineated NIO's evolution through three distinct phases: Initially, NIO established itself as a pioneering high-end brand. Subsequently, the company confronted hurdles stemming from product positioning and strategic decisions. Looking ahead, from 2025 onwards, NIO embarks on its third phase, aiming for self-sustaining profitability. With a strategic operational shift underway, NIO anticipates achieving its profitability milestone by the fourth quarter.