NIO Inc. (NIO-SW) shares surged 5.66% in Monday's pre-market trading following reports that the company's founder and CEO, William Li, has reaffirmed the electric vehicle maker's goal to achieve profitability in the fourth quarter of 2025. This announcement comes as a strong signal to investors about the company's financial health and future prospects.
During a recent internal meeting with employees, Li emphasized the critical nature of this target, urging his team to give their full commitment over the next 70 days. "This is the test our entire team must pass to demonstrate our operational efficiency and business capabilities," Li stated, underlining that achieving this goal is essential for NIO's long-term sustainable development.
The CEO also highlighted strong demand for the newly launched ES8 model, expressing confidence that the SUV will meet its ambitious December production target of 15,000 units. This positive outlook on production and sales, coupled with the push for profitability, appears to have boosted investor confidence, driving the stock's significant pre-market rally.