Li Bin Discusses "Wei Xiao Li": Minimal Competition Among Them, Combined Market Share in Auto Industry Only 6%

Deep News04-11 11:01

At the 2026 High-Level Forum on Intelligent Electric Vehicle Development held on the morning of April 11, NIO Inc. founder, Chairman, and CEO Li Bin engaged in a dialogue with media representatives. When asked about the nickname "Wei Xiao Li," Li Bin remarked that it is essentially a moniker given by the public, as the companies were founded around a similar time. He stated that there is very little direct competition among them. Li Bin pointed out that the combined market share of the three companies in the entire automotive industry is only 5% to 6%, which is quite minimal, and emphasized that they still need to continue striving for improvement.

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