NIO's Li Bin: Memory Price Hikes Pose Major Pressure on Auto Industry, Urges Consumers to Buy Cars Sooner

Deep News01-06

On January 6th, NIO announced the rollout of its 1,000,000th mass-produced vehicle. During a media session, NIO's founder, Chairman, and CEO Li Bin, along with co-founder and President Qin Lihong, shared insights. Li Bin highlighted that the rising cost of memory presents a significant challenge for the automotive industry, as it now competes for supply with the AI sector, computing centers, and the mobile phone industry. He noted that the cost pressure from these memory price increases has not yet been passed on to the final vehicle prices and is still within NIO's manageable range. However, he advised potential buyers, "Everyone should consider buying a car a bit earlier."

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