Li told employees that the fourth-quarter profitability target must be achieved, and everyone should intensify their efforts.
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Category: NIO Team
Nio's head of AI platform, head of world model, and head of smart driving products have recently left the company, according to a local media report.
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Both the Onvo L90 and the new Nio ES8 are high-priced products with solid gross margins, Li said.
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Nio's third-generation ES8 is said to make its debut on August 20, with showroom models available at Nio stores on August 21.
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Bagrin Angelov, who served as head of cross-border M&A at CICC for the past 10 years, has joined Nio as vice president of capital markets.
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In its May update on four models, Nio's new strategy avoided additional costs caused by material waste, according to a local media report.
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Li's remarks imply that Onvo delivered at least 6,160 vehicles in May.
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The changes focus on Onvo, which remains a sub-brand but will operate as a first-tier division of Nio.
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In several cities, sales of Nio and Onvo brands are starting to be headed by the same person.
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Shen joined Nio in 2015 and is one of the company's earliest core management members.
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