Sina Finance reports that NIO-SW (09866) experienced an intraday increase of over 5%. As of the time of this report, it has risen by 4.77% to HKD 52.75, with a trading volume of HKD 159 million. In terms of recent developments, according to exclusive information from 21 Automotive, NIO held an internal meeting on the afternoon of October 17, during which founder, chairman, and CEO Li Bin discussed personal VAU for Q4 2025. During this meeting, Li Bin emphasized that the profit target for Q4 must be achieved. He outlined this goal into three specific actions: focusing on marketing key models, ensuring supply chain support and cost reduction, and delivering high-quality software versions on time. In September, NIO delivered 34,749 new vehicles, setting a new monthly record with a year-on-year increase of 64%. Among these, the NIO brand delivered 13,728 vehicles; the Bitauto brand delivered 15,246 vehicles; and the Firefly brand delivered 5,775 vehicles. Earlier, Kaiyuan Securities indicated that the L90 and ES8 models are expected to drive a sales momentum reversal in H2 2025, with Q4 2025 likely being a turning point for sales.