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Ride Radar > Blog > News > Nio > [Full text] ‘The next two years are crucial for our success,’ Nio’s William Li says in internal letter
Nio

[Full text] ‘The next two years are crucial for our success,’ Nio’s William Li says in internal letter

Last updated: November 25, 2024 10:45 am
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Nio Marks 10th Anniversary with Vision for the Future

Nio, the leading electric vehicle manufacturer, is celebrating its 10th anniversary today. Founder, chairman, and CEO William Li, in an internal letter to employees, outlined the company’s vision for the next phase of growth.

In the letter, Li emphasized the importance of launching competitive new products and improving operational efficiency to double sales next year and achieve profitability by 2026. These goals are critical for Nio’s success in the face of global economic challenges and increased market competition.

Li stressed the need for Nio to give its absolute best in the coming years, as only a few outstanding companies will remain in a highly competitive market. The company must uphold its original aspiration of putting users’ interests first and creating real value through technological innovation.

Nio has made significant strides in the past decade, developing key capabilities for smart EVs and building a strong user community. However, Li acknowledged that there is still room for improvement in strengthening operational efficiency and system capabilities.

To address these challenges, Nio must focus on optimizing every aspect of its business, from R&D projects to marketing campaigns. By setting clear targets and implementing actionable plans, the company can drive continuous improvement and achieve its ambitious sales and profitability goals.

Looking ahead, Li urged employees to view Nio’s journey as a marathon on a muddy track, acknowledging that the road ahead won’t be easy. However, he expressed confidence in the company’s ability to shape a sustainable and brighter future in the next decade and beyond.

See also  China EV insurance registrations for week ending Nov 3: Nio 4,400, Tesla 15,700, Xiaomi 3,100, BYD 96,300

As Nio enters its next phase of growth, the company remains committed to innovation, user-centric values, and operational excellence. With a clear vision and strong execution, Nio is poised to continue leading the electric vehicle industry and driving towards a more sustainable future.

William Li’s internal letter serves as a rallying cry for Nio employees to double down on their efforts, stay true to their original aspirations, and take solid actions to achieve the company’s ambitious goals. As Nio celebrates its 10th anniversary, the company is poised for even greater success in the years to come.

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