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NIO's Li Bin: Automotive Industry Faces Intense Material Cost Pressures; NIO to Uphold Price Stability and Foster Balanced Growth
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Author：小编
On May 21, during the Q1 2026 earnings call, Li Bin, the founder of NIO, highlighted that the surge in raw material prices this year—especially for chips and memory chips—has imposed immense pressure on the entire automotive sector. This has resulted in NIO experiencing an average cost increase of over RMB 10,000 per vehicle. Despite these challenges, NIO remains committed to maintaining price stability and preserving the overall competitiveness of its products and services. Rather than focusing solely on boosting sales volume as a primary business strategy, NIO aims to achieve reasonable and sustainable sales growth.
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