Li Bin Discusses New ES8: Market Enthusiasm Was Underestimated, Ramping Up Production Capacity

Deep News
Aug 30

On the afternoon of August 30th, NIO Inc.'s founder, Chairman, and CEO Li Bin delivered an all-hands speech to company employees and answered staff questions.

Li Bin revealed that the ONVO L60 from NIO Inc.'s sub-brand has seen continuously rising order volumes in July and August, breaking the typical trend where vehicle sales decline over time. Li Bin believes that NIO Inc. has reached an inflection point where early technology investments are now translating into user experience advantages, proving that the company's persistence was correct.

Regarding the new ES8, he mentioned that pre-order performance has been strong. "Originally, we thought reaching the same level as the L90 would be good enough, but now the situation looks even better," he said. "When we made plans for the new generation ES8, we were still conservative in estimating market enthusiasm. Now the entire supply chain is working at full capacity to ramp up production."

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