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Li Bin: NIO Steadfastly Opposes Price Wars; Industry's Shift Away from Cutthroat Competition Bodes Well for NIO's Path to Profitability
2025-06-04 /
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Author：小编
On June 4, Li Bin, the founder of NIO, and co-founder Qin Lihong engaged in a dialogue with the media at a communication meeting. Addressing the subject of price wars, Li Bin emphasized that industry associations and relevant authorities are advocating against inward-looking competition, a stance that NIO shares. He maintains that price wars undermine the industry's healthy growth, whereas NIO shines in its commitment to technological innovation, superior service, and high quality—areas that are prioritized when opposing inward-looking competition. This industry shift is anticipated to positively influence NIO's profitability in the fourth quarter.
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