On May 16th, the day after the listing of NIO's second brand, Ledo, Li Bin, the founder and chairman of NIO, responded to the view that Ledo is NIO's "decisive battle" in an interview with China Securities News and other media. Li Bin stated that Ledao is undoubtedly important to NIO, as it is a stage in NIO's marathon and a "acceleration" on muddy roads. In the future, NIO will also have three brands. Qin Lihong, co-founder of NIO, stated in an interview with reporters that NIO's third brand will meet with everyone within a year. Meanwhile, LeEco President Ai Tiecheng stated that the current booking for LeEco far exceeds expectations.