NIO CEO Li Bin Sees Fourth-Quarter Recovery, Targets Over 40,000 Monthly Deliveries

According to Wallstreetcn, NIO founder, chairman, and CEO Li Bin said on NIO's 2026 second-quarter earnings call that China's auto market faces heavy pressure this year, but the company's growth quality is very high. Li said the overall auto market will recover in the fourth quarter, NIO's target in the fourth quarter is to deliver more than 40,000 vehicles per month, and it hopes to achieve annual sales growth of 40% to 50% over the long term. Li also said vehicle costs are expected to rise another 2,000 to 3,000 yuan per car in the second half of this year, or 16,000 to 17,000 yuan per car compared with the end of last year.