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Tag: NIO

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NIO CEO Li Bin Discloses Significant Material Cost in Automotive Industry

Tech Free Press3 months ago03 mins

NIO founder, chairman, and CEO William Li stated during the Q1 2026 earnings call this evening that the rising prices of raw materials this year, especially memory chips, have put significant pressure on the entire industry. NIO faces an average cost burden of over 10,000 yuan per vehicle. Li Bin stated that NIO will maintain…

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  • Cars

NIO Reports 80% Surge in Assisted Driving Use After Update

Tech Free Press5 months ago4 months ago02 mins

Yu Dongming, General Manager of NIO Anhui, shared data today, stating that in the first month after the new version update of NIO World Model, the usage rate of assisted driving increased by over 80% month-on-month, showing a leapfrog growth in user activity. Total mileage of intelligent assisted driving in a single month: increased by 81.5% month-on-month,…

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