NIO's Li Bin: NIO's money is all lost in plain sight, the balance sheet is very clean

On the morning of July 6th, renowned financial writer Wu Xiaobo led nearly a hundred entrepreneurs to visit Nio's Advanced Manufacturing New Bridge Plant No. 2 in Hefei. During the visit, Nio's founder, chairman, and CEO Li Bin stated that Nio's fundamental characteristic has always been technological innovation, with a cumulative R&D investment reaching 60 billion yuan. He mentioned that Nio is the only automotive company in the world listed in three locations, and in Nio's financial reports, R&D expenditures are accounted as current expenses, with losses clearly visible, resulting in a very clean balance sheet