Li Bin revealed that NIO will soon release its fourth product, a sedan

On November 18, NIO released its third-quarter financial report with impressive overall data. Later, Li Bin revealed NIO's next strategy at the financial report conference.

Li Bin said that NIO will launch its fourth product in the near future. The model will no longer be an SUV, but a sedan, and will support NP2.0. In addition, Li Bin also revealed that NIO's fifth model is under development, which is also a sedan.

In addition, Li Bin believes that due to the increase in production capacity of its partners, NIO's production capacity will increase to 7,500 vehicles per month in January 2020. Correspondingly, NIO's shipments in the fourth quarter of 2020 may reach about 170 million, and its revenue is expected to reach about RMB 6.4 billion.

According to the third quarter financial report, NIO delivered a total of 12,206 vehicles, an increase of about 2,000 units compared to the previous quarter. From this point of view, the 170 million units shipped in the fourth quarter envisioned by Li Bin is likely to be achieved.

As NIO's shipments gradually increase and its cash flow gradually stabilizes, NIO's fourth product will probably compete directly with products from Tesla, Xpeng and other manufacturers.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.