Beijing car show discusses the phenomenon of "new car effect death valley" again, NIO CEO Li Bin: car brands are beginning to enter a period of convergence

At the Beijing Auto Show on April 24th, Li Bin, CEO of NIO, said in an interview with the media that many car brands are entering a "convergence period". He believes that as the degree of product homogenization deepens, market competition is shifting from a single product or technological dimension to a comprehensive confrontation of system capabilities. System capabilities include product quality, sales service, quality control, cost management, and the organization's adaptability to AI transformation, among many other aspects.