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NIO-SW CEO Targets Profitability in 4Q25 w/ More Effort on Cost Control: Report
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NIO-SW (09866.HK) recently held an internal meeting where William Li, the company's chairman and CEO, shared his three core visions, namely doubling sales, striving for profitability in 4Q25, and continuing to build systematic capabilities, the 21st Century Business Herald reported, citing sources. In order to achieve profitability in 4Q25, Li believed that cost control would be the key, and cutting technology costs would be the first step. As indicated by the sources, this year's car models will be equipped with the SkyOS operating system to enhance performance and ax expenses on patent royalties. In addition, the company's self-developed chips will also achieve cost reductions. AAStocks Financial News |
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