On August 21, Qin Lihong, co-founder and president of NIO, predicted: “Just one month within this year, the pure electric penetration rate will exceed 50%, and the end of pure electric models becoming the absolute mainstream is coming at an accelerated pace.” One of the factors supporting the conclusion is that in July of this year, NIO's sales volume in 8 provinces and 42 markets simultaneously surpassed the German luxury trifecta Mercedes-Benz, BMW, and Audi.

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