Li Bin responds to rumors of layoffs: Under the CBU mechanism, some colleagues have voluntarily or involuntarily left, and we all feel very reluctant to see them go, as they are all very talented.

After the launch event of the Joyway L90 product technology, NIO founder, chairman, and CEO Li Bin, NIO co-founder and president Qin Lihong, NIO senior vice president and Joyway car president Shen Fei had a dialogue with the media. Regarding the rumors of layoffs, Shen Fei said it is not called layoffs, but the adjustment and optimization of the personnel team to match market changes. Joyway's sales are increasing and team morale is high. Li Bin mentioned that NIO is promoting basic business units internally, and everything done must create value for users; if it does not create value, then don't do it. It is a whole team effort, and sales figures are just part of the process, taking responsibility for the overall business operation. Based on these two principles, some colleagues have left the company voluntarily or involuntarily, and internally there is a sense of regret as they were all very talented. They often receive messages from departing colleagues wishing the company a quick recovery. NIO has dedicated a lot of effort and hope, and the responsibility is to manage the company well and show current and former colleagues that NIO can emerge from this difficult situation through its own abilities.