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

MetaMuskRat · 2026-03-29T11:17:09+00:00

NIO founder Li Bin predicts that with policy support and the gradual market recovery, the automobile market will rebound in March, with new energy vehicle penetration rising to 90%. NIO will expand its sales network to cover 210 prefecture-level cities and continue to deepen its market presence.

MetaMuskRat

2026-03-29 11:17:09

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On March 27, People’s Financial News reported that Li Bin, the founder of NIO, stated that with the launch of the old-for-new subsidy, the gradual return of consumer scenarios, and the intensive release of new vehicles, the automotive market is expected to recover in the second half of March. The penetration rate of new energy vehicles is increasing weekly, becoming the main driving force for the recovery of the passenger car market in March. He predicts that by 2030, the penetration rate of new energy vehicles in China’s new car market will exceed 90%, with pure electric vehicles accounting for more than 80% of new energy vehicles. Li Bin believes there is still significant growth potential in the pure electric market, and NIO will continue to strengthen the construction of its sales service network, focus on key markets, and jointly lay out in sinking markets, achieving network coverage in over 210 prefecture-level cities within the year.

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