NIO CEO William Li said China's auto industry has likely moved past its 'golden era' as a downturn in domestic car sales extended into May.
A rebound in the world's largest auto market has yet to materialize, despite continued strength in exports, Li told reporters in Beijing.
Industry data shows China's domestic car sales are expected to stagnate in 2026, while growth in electric and plug-in hybrid sales is forecast to slow after years of rapid expansion.
Domestic sales fell sharply in April, weakened by reduced government support and macro uncertainty.
