William Li, CEO of Nio Inc.
(NYSE:NIO), said that China's automotive sector has likely surpassed its "golden era." This statement comes amid a continued decline in domestic car sales through May, despite robust export performance.
China Remains Nio's Focus According to a Reuters report, Li on Tuesday emphasized that NIO's main focus remains on the Chinese market.
Although the company began exporting in 2021, overseas shipments have been minimal.
Li also mentioned that plug-in hybrids and internal combustion engine vehicles are more suited for global markets, while Nio currently sells only pure EVs.
