Glonghui, May 15 | NIO.US (NIO.US) closed up more than 7% to $5.79. Li Bin, CEO of NIO, recently said, “In the past 10 years, NIO has completed the process from 0 to 1. The upcoming Ledao brand means we will enter a new process of '1 to 10' or '1 to 100'.” According to reports, in 2024, Ledao Auto will independently build an offline sales network of at least 200 companies, and all stores will adopt a direct management model. “The reuse of software and hardware can expand the scale effect, greatly reduce costs and improve R&D efficiency, and reduce R&D costs. Among them, the cost of the Ledao L60 will be reduced by about 10% compared to the Tesla Model Y.” Li Bin said.