On November 21, at the Guangzhou Auto Show, William Li, the founder and chairman of NIO, declared that the contest in the smart electric vehicle sector has reached its climactic phase, with NIO firmly positioned in the final round. He emphasized that the competition in this decisive stage will persist for an extended period, making it challenging to identify a clear winner in the near term. He anticipated that it would take approximately a decade to achieve a stable market state, while the fundamental competitive landscape would start to take shape within the next five years.
