AsianFin -- Nio is entering what founder and CEO William Li described as a “harvest period” after years of heavy investment, with the Chinese electric vehicle maker on track to achieve profitability in the fourth quarter.

Li said the company’s sustained spending on research, infrastructure, and product development is starting to yield results. Highlighting upcoming and recently launched models—including the all-new ES8 set for Aug. 21 and the L90—he noted that Nio’s long product cycle is now translating into tangible outcomes.

The company has set a target of 25,000 monthly deliveries for the Nio brand, along with another 25,000 for its Onvo sub-brand. Larger models like the ES8 and ES9 are expected to generate higher margins than the company’s sedans.

Nio is also accelerating its infrastructure expansion, particularly its battery-swapping network, though the rollout remains behind schedule relative to the 2025 goal of up to 2,000 stations. Li emphasized that regional networks in Guangdong, Jiangsu, Zhejiang, and Shanghai will underpin future sales growth.

In addition, the automaker is tightening cost control, aiming to cap quarterly R&D spending between 2 billion and 2.5 billion yuan ($278 million–$348 million), representing a 20%–25% reduction from the previous year.