William Li, CEO of NIO: There are countless varieties of flowers, but it is really difficult for any new car to become a hot seller for a whole year.

On April 11th-12th, the High-level Forum on the Development of Intelligent Electric Vehicles was held at the Beijing National Convention Center Phase II, with the theme of "Promoting the Intelligent, Green, Integrated, and International Development of New Energy Vehicles." NIO founder Li Bin stated that for example, now when one intelligent chip is updated, the car must also be updated, and when battery technology advances, the car must be updated as well, so now cars are updated much faster. The fast iteration brings the problem that the balance of supply and demand is very difficult to grasp, so new cars have the valley of death effect, and they do not necessarily become popular quickly. It is too difficult to say which new car can sell well for a year, and it is unlikely to keep selling well indefinitely.