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NIO indeed faced pressure in July and August as the government cut subsidies for NEV, but sales figures in the last two months give him confidence (2019 and 2526, respectively), said Li Bin, Chairman and founder of electric vehicle maker NIO, at a forum Wednesday.

Li said he believes "spring for electric vehicles is near", as more manufacturers are "educating the market" and delivering vehicles in China. (Tencent Yixian)