Li Bin Warns: No More Than 15 Automakers Will Survive by End of 2026

NIO CEO Li Bin stated at the May 27 earnings call that China's auto market has entered its most brutal finals stage. The next 12-18 months represent a do-or-die window, and he predicts no more than 15 automakers will survive by end of 2026. NIO Q1 revenue was 8.64 billion yuan, down 25% year-over-year, with a net loss of 3.72 billion yuan, but cash reserves remain at 41.9 billion yuan.