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NIO CEO Li Bin: Soaring Raw Material Prices Drive Up Vehicle Costs by Approximately RMB 10,000
15 hour ago /
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Author：小编
On May 28, Li Bin, the CEO of NIO, remarked during the 'NIO ES9 Media Face-to-Face' event that the escalating prices of raw materials, including nickel, cobalt, and lithium carbonate, have resulted in a cost surge exceeding RMB 10,000 per vehicle this year. Li Bin pointed out that the price increases of commodities and products, such as memory chips, are not confined to the automotive sector but also reverberate across other rapidly expanding and well-funded industries. In these industries, automakers possess limited bargaining leverage. Presently, memory chip prices remain high, and raw material costs are not expected to decrease in the near future, implying that these additional costs must be borne by the companies themselves.
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