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NIO's Li Bin: Battery Swap Network Expansion Drives EV Adoption in Tier-3, -4, and -5 Cities

From:Internet Info Agency 2026-05-21 20:53:00

On May 21, during NIO's Q1 2026 earnings call, Li Bin, founder, chairman, and CEO of NIO, stated that as the battery swap network continues to expand, acceptance of battery-electric vehicles among consumers in China's tier-3, tier-4, and tier-5 cities is steadily increasing. He noted that NIO's current product lineup, along with upcoming models, will help drive the company's growth in China's passenger vehicle market.

Editor:NewsAssistant