US Stock Market Move | NIO Inc. Sponsored ADR Class A (NIO.US) rises more than 4%, Li Bin reiterates fourth-quarter profit.

On Monday, NIO Inc. Sponsored ADR Class A (NIO.US) rose more than 4%, reaching $7.04. On the news front, NIO Inc. Sponsored ADR Class A's CEO, Li Bin, stated in a recent internal meeting for middle and senior management that achieving profitability in the fourth quarter of this year is a must. He emphasized, "Achieving quarterly profitability is a test that our entire team must pass to prove our operational efficiency and management capabilities, and it is something we must achieve. This is not just for show, but the foundation for our company's long-term sustainable development." Currently, NIO Inc. Sponsored ADR Class A has launched three major brands under its group NIO Inc. Sponsored ADR Class A, Li Auto, and Xpeng. In the third quarter, NIO Inc. Sponsored ADR Class A delivered a total of 87,071 new vehicles, a 40.8% increase compared to the same period last year, with 34,749 of them delivered in September, a 64% increase and setting a new historical high. In March of this year, Li Bin publicly stated during NIO Inc. Sponsored ADR Class A's 2024 annual financial report conference call, "Starting from the second quarter of this year, improvements can be seen in the company's performance reports; the company continues to deepen its control over cost and expenses in the third quarter. NIO Inc. Sponsored ADR Class A is confident in achieving its goal of profitability in the fourth quarter."