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NIO's Li Bin: With Expanding Battery Swap Network, BEV Products Gain Traction Among Users in Third-, Fourth-, and Fifth-Tier Cities
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Author：小编
On May 21, NIO unveiled its financial performance for the first quarter of 2026, announcing an impressive operating profit of RMB 66.8 million. This achievement signifies that the company has maintained profitability for two successive quarters. During the earnings call, NIO's founder, Li Bin, emphasized that as the battery swap network continues to broaden its reach, there has been a notable uptick in user acceptance of Battery Electric Vehicle (BEV) products in third-, fourth-, and fifth-tier cities. He further highlighted that NIO's current and upcoming product offerings are poised to fuel growth momentum within China's passenger vehicle market.
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