NIO Aims for Profits in Q4, BYD Factory News in Brazil & Mexico - CleanTechnica

NIO is targeting profitability in the fourth quarter of this year, marking a significant milestone for the Chinese electric vehicle (EV) maker. CEO Li Bin expressed confidence in achieving this goal, citing stabilizing delivery volumes, improving margins, and a more efficient cost structure. NIO delivered nearly 25,000 vehicles in June and is launching three new models in the second half of the year, including the recently introduced ONVO L90 SUV, which aims to redefine the family SUV segment. The company is also shifting its global expansion strategy to a partnership-led model, focusing on providing products and services while local partners handle market execution. In contrast, BYD, already a profitable EV giant and the world’s top seller of battery electric vehicles (BEVs), faces mixed news regarding its international expansion. A planned factory in Mexico has been shelved due to trade tensions and opposition to Chinese EVs in North America. However, BYD has successfully started production at a new factory in Brazil as of July 1