On November 20th, NIO released its financial report for the third quarter of 2024, with a month on month increase of 7.0% in revenue of 18.67 billion yuan. NIO delivered 61855 units in the third quarter, setting a new historical high; The revenue for the third quarter was 18.67 billion yuan, an increase of 7.0% compared to the previous quarter; The gross profit margin of the entire vehicle continues to increase to 13.1%; Free cash flow turned positive in the third quarter, with cash reserves rising to 42.2 billion yuan; The R&D investment in the third quarter was 3.32 billion yuan.