Nio Inc. $NIO, a prominent Chinese electric vehicle manufacturer, is imposing a significant reduction on its research and development allocation, aiming to reach breakeven in the fourth quarter. The company revealed in its latest financial statement that R&D spending is set to drop by 20-25%, to a quarterly range of 2 billion–2.5 billion yuan (USD 278–347 million). This adjustment marks a clear shift in priorities amid ongoing pressure to achieve sustainable profitability.

In recent weeks, investors have been closely monitoring the dynamics of convertible bonds issued by the Chinese electric vehicle manufacturer Nio Inc. $NIO. Analysts note that despite a recent rise in bond prices, concerns about the company's financial health remain.