BEIJING, CHINA - MAY 27: William Li Bin, (L) co-founder and CEO of Nio Inc. and former NBA player Yao Ming (R) attend the NIO ES9 Launch event at National Tennis Center on May 27, 2026 in Beijing, China. NIO, one of China's leading electric vehicle manufacturers, continues to expand its presence in urban retail spaces, showcasing its premium EV lineup amid growing competition in the electric car market. (Photo by Lintao Zhang/Getty Images)

BEIJING, CHINA - MAY 27: William Li Bin, (L) co-founder and CEO of Nio Inc. and former NBA player Yao Ming (R) attend the NIO ES9 Launch event at National Tennis Center on May 27, 2026 in Beijing, China. NIO, one of China's leading electric vehicle manufacturers, continues to expand its presence in urban retail spaces, showcasing its premium EV lineup amid growing competition in the electric car market. (Photo by Lintao Zhang/Getty Images)

BEIJING, CHINA - MAY 27: William Li Bin, (L) co-founder and CEO of Nio Inc. and former NBA player Yao Ming (R) attend the NIO ES9 Launch event at National Tennis Center on May 27, 2026 in Beijing, China. NIO, one of China's leading electric vehicle manufacturers, continues to expand its presence in urban retail spaces, showcasing its premium EV lineup amid growing competition in the electric car market. (Photo by Lintao Zhang/Getty Images)

BEIJING, CHINA - MAY 27: William Li Bin, (L) co-founder and CEO of Nio Inc. and former NBA player Yao Ming (R) attend the NIO ES9 Launch event at National Tennis Center on May 27, 2026 in Beijing, China. NIO, one of China's leading electric vehicle manufacturers, continues to expand its presence in urban retail spaces, showcasing its premium EV lineup amid growing competition in the electric car market. (Photo by Lintao Zhang/Getty Images)

BEIJING, CHINA - MAY 27: William Li Bin, (L) co-founder and CEO of Nio Inc. and former NBA player Yao Ming (R) attend the NIO ES9 Launch event at National Tennis Center on May 27, 2026 in Beijing, China. NIO, one of China's leading electric vehicle manufacturers, continues to expand its presence in urban retail spaces, showcasing its premium EV lineup amid growing competition in the electric car market. (Photo by Lintao Zhang/Getty Images)

BEIJING, CHINA - MAY 27: Former NBA player Yao Ming attend the NIO ES9 Launch event at National Tennis Center on May 27, 2026 in Beijing, China. NIO, one of China's leading electric vehicle manufacturers, continues to expand its presence in urban retail spaces, showcasing its premium EV lineup amid growing competition in the electric car market. (Photo by Lintao Zhang/Getty Images)

BEIJING, CHINA - MAY 27: Former NBA player Yao Ming attend the NIO ES9 Launch event at National Tennis Center on May 27, 2026 in Beijing, China. NIO, one of China's leading electric vehicle manufacturers, continues to expand its presence in urban retail spaces, showcasing its premium EV lineup amid growing competition in the electric car market. (Photo by Lintao Zhang/Getty Images)

BEIJING, CHINA - MAY 27: Former NBA player Yao Ming attend the NIO ES9 Launch event at National Tennis Center on May 27, 2026 in Beijing, China. NIO, one of China's leading electric vehicle manufacturers, continues to expand its presence in urban retail spaces, showcasing its premium EV lineup amid growing competition in the electric car market. (Photo by Lintao Zhang/Getty Images)