NIO's Li Bin: Pure electric growth potential is huge, and NIO's sales network will cover over 210 prefecture-level cities

On the afternoon of March 27, NIO’s Business Resources and Aerospace Blue jointly held a partner day in Shanghai. NIO founder, Chairman, and CEO Li Bin attended and delivered a speech.

At the meeting, Li Bin said that with the implementation of trade-in subsidies, consumer scenarios gradually returning, and a dense rollout of new cars, the auto market in mid-to-late March is expected to rebound. New energy penetration is increasing week by week, becoming the main driving force behind the recovery of the passenger car market in March. He predicted that by 2030, the penetration rate of new energy vehicles in China’s new car market will exceed 90%, and among new energy vehicles, pure electric’s share will exceed 80%.

Li Bin said that the pure electric market still has significant room for growth. NIO will continue to strengthen the construction of its sales service network, focus on key markets, and jointly develop lower-tier markets. Within this year, it will achieve network coverage in more than 210 prefecture-level cities.

According to data from the Passenger Car Association, from March 1 to 22, the nationwide new energy retail penetration rate in the passenger car market was 53.9%, and the new energy market has been rebounding rapidly. On March 20, NIO’s brand-new ES8 completed the 80,000th new vehicle delivery in Hangzhou, taking only 181 days.

(Editor: Wang Zhiqiang HF013)

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