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According to media reports, Huang Chendong, senior vice president of NIO in charge of the electrodynamic engineering team, will leave. Wei Lai confirmed the news and said: "At present, it is in the transition stage, thank him very much for his efforts and contributions over the past few years."

According to the data, Huang Chendong is a doctor of philosophy in mechanical engineering at the University of Michigan, once served as deputy general manager of SAIC Group's new energy business department, and was also one of the senior executives of NIO Automobile. In March 2015, Huang Chendong joined NIO Automobile and was responsible for the core businesses such as vehicle development, intelligent driving technology R & D and electric power engineering. In October 2019, Huang Chendongsheng served as senior vice president of NIO Automobile and reported directly to CEO Li Bin of NIO.

It is reported that in recent times, NIO has reorganized the electric power engineering department and integrated each business line of the department according to its functions within NIO, mainly including battery system business reporting to Li Bin, motor R & D transferred to Weiran Power of NIO Parts Company and vehicle control and chassis control team merged into vehicle development, etc., while Huang Chendong's resignation has a great relationship with NIO's recent reorganization of the electric power engineering department.

In addition, according to media reports, Zhao Yuhui, former vice president of NIO Automobile User Center, joined Great Wall Motors at the end of March as General Manager of User Center of Great Wall Sales Company.

It is understood that Zhao Yuhui served as Vice President of User Center in NIO Automobile from March 2017 to May 2019, mainly responsible for the expansion of NIO HOUSE. The post of General Manager of User Center of Great Wall Sales Company is a newly established post of Great Wall Motor, which belongs to Great Wall Motor Sales Company in terms of organizational structure and reports to Li Ruifeng, Vice President of Great Wall Motor Sales.

Since 2019, NIO has launched a series of initiatives, including layoffs and restructuring of its business structure. At the same time, NIO Automobile also began to appear a succession of senior management departure news, including co-founder Zheng Xiancong, software development vice president Zhuang Li, CFO Xie Dongying and so on all left. In addition, not long ago, Zhu Jiang, vice president of user development of NIO Automobile, was also revealed to leave in May.

Whether layoffs or business adjustments, it is not difficult to see that the purpose of these practices is mainly to reduce costs and improve operational capacity, and improving gross profit margin is one of the core goals of NIO in 2020. Li Bin said frankly that he is confident that gross profit margin will turn positive in the second quarter and achieve double-digit growth at the end of the year. According to the financial report released by NIO, NIO realized revenue of 7.825 billion yuan in 2019, slightly lower than market expectation of 7.951 billion yuan; net loss of 11.413 billion yuan, higher than market expectation loss of 10.819 billion yuan, current cash flow is insufficient to support the development of the next year. At present, NIO Automobile has not formed the ability of self-hematopoiesis, and is still in the embarrassing situation of "selling one and losing one", especially in the period of limited automobile consumption. The gross profit rate in the second quarter is also optimistic from negative to positive.

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