Qin Lihong

The change delayed Nio's average delivery time by four days. Excluding invoicing, Nio would have basically been able to go from order receipt to delivery in a little more than two weeks in May.

For any company, having a long-term vision is the foundation if it wants to build a long-lasting business. Judging from the recent words of Nio executives, we seem to see this in the electric vehicle company.

Qin Lihong, co-founder and president of Nio, said that seeing such news was really angry and amusing.

Autopilot requires a subscription system rather than a one-time buyout, otherwise, users will be hindered by the high price, Qin said.

With many black swan events happening in the world that are affecting chip supply, "we have to be prepared for the long term, which is a new subject," Qin Lihong, co-founder and president of Chinese electric vehicle company Nio, said Monday.

Nio has further plans for capacity deployment and aims to announce them by May 1, Qin Lihong, co-founder and president of the Chinese electric vehicle company, said Monday.

Qin mentioned the construction schedule of the second-generation battery swap station, the plan to enter overseas markets, and the development of NAD (Nio Autonomous Driving).

Qin said that the current factor that may limit the further popularity of EVs is the construction of public infrastructure.

In late July, Nio founder William Li Bin said during the Chengdu Auto Show that the single-motor option for electric cars was a bad idea, and that Nio would never make a car with only one motor, pointing the finger at peers like Tesla, which had adopted the single-motor model to save costs.

Communication is the new and necessary infrastructure to enable smart driving, said Qin Lihong, co-founder and president of Nio, adding that the move from 4G to 5G is a huge step forward and will certainly bring a revolutionary change in automated driving.