According to a live broadcast on Weibo by Li Bin, founder, chairman and CEO of NIO on the morning of July 6, Li Bin, Wu Xiaobo and nearly 100 entrepreneurs visited the Hefei NIO Advanced Manufacturing Xinqiao Second Factory. During the visit, Li Bin said that NIO has always been based on technological innovation, with cumulative R&D investment reaching 60 billion yuan. He said that NIO is the only automobile company in the world listed in three places, and NIO's financial report counts R&D investment as current expenses, so the money is lost in the open, and the balance sheet is very clean.