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NIO's Li Bin: Chinese automobile brands are entering a convergence period
On April 24, 2026, during the Beijing International Auto Show, NIO Chairman Li Bin said in response that China’s auto brands have begun to enter a relatively long period of convergence. Under competition driven by product homogenization, automakers have already entered an era of full-scale competition in system capabilities. It’s already being said that we are entering the final stage, and the industry situation will become clearer and clearer. He also hopes that NIO can still be able to remain on the stage. (Yicai Global)