Key Takeaways NIO is cutting or delaying low-ROI projects and reorganizing teams to improve cost efficiency.The company aims to reduce R&D spending by 15% in Q2 and by 20-25% year over year by Q4.NIO targets non-GAAP SG&A expenses within 10% of sales revenues by Q4 to support breakeven goals.NIO Inc. (NIO) has been implementing a comprehensive set of cost-cutting and efficiency-improvement measures to achieve profitability. The company has systematically reviewed all projects and organizational functions an ...