NIO: The gross profit margin is expected to increase by over 20% in the fourth quarter of this year.

During today's NIO's first quarter report for 2025, NIO's Chairman, Li Bin, stated that the NIO brand is expected to reach a monthly sales volume of 25,000 units in the fourth quarter of this year, which is a 20% increase from the stable sales volume of 20,000 units last year. The improvement in gross profit margin is expected to exceed 20%. The management also mentioned that in order to achieve a break-even in the fourth quarter, R&D expenses will be between 2-2.5 billion RMB, with a 20-25% increase in efficiency compared to the same period last year; sales and management expenses will continue to balance investment and output efficiency, accounting for approximately 10% of sales.