Li Bin: NIO Will Stick to Selling Cars and Not Get Involved in AI Robots for Now
NIO's Q3 2025 financial report shows deliveries of 87,071 units, an increase of 40.8% year-over-year and 20.8% quarter-over-quarter, with revenue of 21.79 billion yuan, both setting new records. CEO Li Bin emphasized focusing on the core automotive business, temporarily not entering the fields of AI and robotics, but paying attention to self-developed chips empowering third parties. Facing the Chinese market with annual sales of 30 million vehicles, NIO's market share is only slightly over 1%, and it needs to focus on improving products and sales, aiming for a breakthrough in 2026.