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Li Bin

Co-Founder, Chairman & Chief Executive Officer, Nio

Search every verified Li Bin interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Li Bin, co-founder, chairman, and chief executive officer of Nio, discussed the company's recent performance and outlook during Nio's second quarter 2026 earnings call. He reported that the new ES8 achieved the highest Net Promoter Score among electric vehicles in a survey by Landa, ranking first in both sales volume and product reputation, and that the ES9, which began deliveries in late May, led sales among passenger vehicles with transaction prices above 500,000 RMB in June and July. He also noted that the Onvo brand's L60 surpassed 60,000 cumulative sales in its first year, ranking first in the 300,000 RMB-level battery electric large SUV market, and that Onvo overall ranked first among large SUVs with transaction prices under 300,000 RMB. Bin also addressed cost pressures, stating that since March 2026, costs have risen across the board, including memory, bulk materials, and batteries, increasing the average cost per vehicle by approximately 14,000 RMB in the second quarter compared to the end of the previous year. He said this has put significant pressure on gross margins. For the fourth quarter, he set a goal of achieving average monthly deliveries of over 40,000 units, and he reiterated a long-term target of annual sales growth of 40% to 50%. He also described Onvo's market as highly competitive, while noting the brand's achievements in specific segments, and indicated that Onvo would continue with a single-model strategy supplemented by special editions and technology upgrades, while Firefly would follow an approach similar to the iPhone, maintaining the same product with new additions.

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