At NIO's second quarter results communication meeting, Li Bin, founder, chairman, and CEO of NIO responded to stock price fluctuations after the earnings report was released. He said, “The capital market pricing is a market price, which combines many things. In 2021, our market value is very high, but our company is definitely healthier now than that time, and the automotive industry is still a bit underestimated.” Li Bin believes that the market undervalues NIO's value in multiple ways. “The first is at the technical level. Our full-stack technology self-development capabilities and AI strength are far from being fully recognized; the second is the scarcity of brand assets; the third is the energy business, whose strategic value and profit potential have also been underestimated; in addition, the value of service and community businesses has also been ignored for a long time. Last year, the business's revenue exceeded 10 billion yuan, and continued to grow and achieve profits in the first and second quarters of this year, and is expected to continue the steady growth trend throughout the year.” As for how long will it take for the capital market to be re-evaluated? He said, “It's not something we can decide. What we can do is insist on doing our own business well, continue to invest in brand building, and maintain our long-term strategic strength.”

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.