From December 5 to 7, the "2025 (23rd) China Entrepreneurs Annual Conference" was held in Beijing, featuring a keynote speech by NIO Inc. founder William Li. He revealed that NIO has invested over RMB 65 billion in R&D over the past 11 years, with a global R&D team exceeding 11,000 members and nearly 10,000 patents. Quarterly R&D expenditures currently stand at approximately RMB 3 billion.

NIO has achieved significant breakthroughs in core technologies, including autonomous driving chips and vehicle-wide operating systems. The company has also invested more than RMB 18 billion in charging and battery-swapping infrastructure, operating over 3,600 battery swap stations across China with nearly 94 million cumulative swaps.

Li emphasized that the automotive industry remains a strategic pillar despite current market pressures. He expressed confidence that innovation and operational efficiency will drive NIO's recovery from its current challenges.