On June 26, at the 2026 NIO Partner Day, Li Bin, founder of NIO, stated that by 2030, the penetration rate of new energy vehicles in China's new car market will exceed 90%, with pure electric models accounting for over 90% of new energy vehicles. According to data from the China Passenger Car Association, in May 2026, the penetration rate of new energy vehicles in China's new car market had already reached 62.9%, with pure electric models accounting for 67.1%.
