On April 11, the High-Level Forum on the Development of Intelligent Electric Vehicles (2026) convened. Li Bin, Chairman of NIO, highlighted that battery and chip expenses currently constitute more than half of the total cost of intelligent electric vehicles, largely due to substantial production costs associated with capacity, validation, and organizational processes. He identified two primary factors contributing to this situation: Firstly, the absence of standardized specifications for battery cells undermines cost-efficiency, operational effectiveness, and market agility. Hence, he advocates for expediting the standardization of battery cells. Secondly, the proliferation of chip varieties necessitates a coordinated effort from relevant authorities to rally automakers in consolidating chip types and establishing interchangeable standards. Such initiatives will not only foster the adoption of domestically produced chips but also aid the industry in cost reduction.
