NEV Penetration Hits 65.4%: Auto Industry Enters the Finals

NIO founder William Li stated at the Future Automotive Pioneer Conference on May 29 that the auto industry has entered the "finals," with the cruelest competition phase underway. January-April 2026 domestic auto consumption fell 18.9% YoY, yet pure electric penetration reached 65.4%, becoming the leading powertrain form. The industry is shifting from technology competition to systemic competition, with brand value rising rapidly.