NIO CFO Steven Feng: Services and community-related businesses will become important growth drivers for NIO besides new vehicles.

```htmlGolden Ten Data reported on May 21 that during the Q1 2026 earnings call, NIO CFO Qu Yu stated that other businesses (including after-sales, maintenance, car mall, energy, finance, and NIO Life) have seen a significant improvement in operating results since the fourth quarter of last year. In the first quarter, these businesses achieved a gross margin of over 20%, marking a new stage for service and community-related businesses. Regarding the annual target, the aim is to maintain a gross margin level of around 20% this year. Looking further ahead, NIO’s user base continues to grow, and with increased efficiency, the profitability of service and community-related businesses will also keep rising, becoming an important growth driver for NIO beyond new vehicles.```