On December 5th, NIO released its financial report for the third quarter of 2023. NIO's revenue in the third quarter was 19.07 billion yuan, a month on month increase of 117.4% and a year-on-year increase of 46.6%, reaching a historic high; The delivery volume in the third quarter was 55432 units, a month on month increase of 135.7% and a year-on-year increase of 75.4%, reaching a historic high; The gross profit margin of the entire vehicle was 11.0%, a significant increase compared to the previous period; Cash reserves amounted to 45.2 billion yuan, an increase of 13.7 billion yuan compared to the previous quarter; The net loss has significantly narrowed, with a month on month decrease of 24.8%; Research and development expenditure reached 3.04 billion yuan, exceeding 3 billion yuan for four consecutive quarters.