Li Bin: Fast charging and battery swapping will jointly accelerate the conversion of traditional fuel vehicles, extended-range vehicles, and plug-in hybrids to pure electric vehicles.

On March 10th, William Li, the founder, chairman, and CEO of NIO, stated during the 2025 fourth quarter and full year financial report conference call that he is pleased to see more car companies participating in the construction of electric charging networks. The participation of car companies in the construction of electric charging networks is very beneficial for accelerating the penetration rate of pure electric vehicles and speeding up the transition from gasoline cars, range extenders, and plug-in hybrids to pure electric vehicles.