NIO CEO Says Company Will Be Profitable in Less Time Than Tesla Took

Jun.13 — It’s been a difficult few months for NIO Inc.. The company has laid off employees, cancelled plans for a factory, and reported its third-consecutive month of declining vehicle deliveries and a revenue forecast for the second quarter that missed the lowest analyst estimate. The electric vehicle startup’s founder and Chief Executive Officer William Li speaks exclusively to Bloomberg’s Selina Wang. She breaks down the interview on “Bloomberg Markets: China Open. “