People who originally drove BMWs won't go back to buying BMWs after buying NIO vehicles. That is the trend, Li said, adding that NIO is on the right side of the trend.
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NIO's strategy of building to order and meeting different customer needs by offering individualized model options is facing more challenges in the current environment.
For users currently using Android-powered phones, they may not have to switch phones in a year, Li said, hinting that NIO's phone could be released within a year.