On June 26 at Nio Partner Day 2026, Nio founder, chairman and CEO Li Bin said NEV penetration in China's new-car market will exceed 90% by 2030, and battery-electric vehicles will account for more than 90% of the NEV market. PCA data show NEV penetra

2026-06-26

On June 26 at Nio Partner Day 2026, Nio founder, chairman and CEO Li Bin said NEV penetration in China's new-car market will exceed 90% by 2030, and battery-electric vehicles will account for more than 90% of the NEV market. PCA data show NEV penetration in China's new-car market reached 62.9% in May 2026, with BEVs representing 67.1% of NEV sales.