Chinese electric vehicle maker NIO is aiming to make profit in the fourth quarter of this year and has taken various measures to control cost and drive sales, people familiar with the matter told the 21st Century Business Herald on Tuesday. The company has set up separate cost tracking functions for its major business departments and will significantly reduce the cost of intellectual property rights licensing this year, since new models will use its proprietary operating system, the SkyOS, and its in-house designed chips. NIO has previously given a promising outlook of doubling its deliveries to more than 440,000 units this year and finally breaking even next year. It also sticks to the overseas plan of entering 25 global markets this year, founder and chief executive William Li told employees during an internal meeting recently. [TechNode reporting, 21st Century Business Herald, in Chinese]
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