At the Guangzhou Auto Show, NIO Inc. founder, chairman, and CEO Li Bin stated, "Generally, the penetration rate of fuel vehicles tends to be higher in the first quarter of each year, mainly because new energy vehicle sales see a pull-forward effect in Q4 due to purchase tax subsidies. However, I believe the situation next year might be different—new energy vehicles could still maintain a solid market share in Q1."

Li Bin cited an example: "Back in Q3 and Q4 of 2018, Norway's new energy vehicle penetration rate was around 20%-25%, but now it stands at 97%-98%. This reflects an irreversible trend. Similarly, China's new energy vehicle adoption has been rising significantly each year, as consumers increasingly recognize their technological advantages."