--- title: "Li Bin pointed out that batteries and chips account for over 50% of electric vehicle costs and advocated for standardization, estimating that the industry could save hundreds of billions" type: "News" locale: "en" url: "https://longbridge.com/en/news/282446623.md" description: "Li Bin, Chairman of NIO, pointed out that batteries and chips account for more than 50% of the cost of smart electric vehicles. He suggested promoting the standardization of battery cells and unifying chip types to reduce costs, estimating that the industry could save over 100 billion yuan. He emphasized that the current lack of uniformity in battery cell specifications and the variety of chips affect cost efficiency and market competitiveness. At the same time, Su Bo stated that by 2030, the penetration rate of new energy vehicles in the domestic market will exceed 70%, and new energy vehicles will become the mainstream in the market" datetime: "2026-04-12T12:56:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282446623.md) - [en](https://longbridge.com/en/news/282446623.md) - [zh-HK](https://longbridge.com/zh-HK/news/282446623.md) --- # Li Bin pointed out that batteries and chips account for over 50% of electric vehicle costs and advocated for standardization, estimating that the industry could save hundreds of billions Nio (9866) Chairman Li Bin pointed out that currently, batteries and chips account for more than 50% of the cost of smart electric vehicles, with high costs in production capacity verification and organizational production. He suggested promoting the standardization of battery cells and organizing car companies to unify chip types through relevant departments, establishing interchangeable standards. This move would not only benefit the adoption of domestic chips but could also bring over 100 billion yuan (RMB) in cost reduction opportunities for the industry. Li Bin, attending the High-Level Forum on the Development of Smart Electric Vehicles in Mainland China, stated that the current lack of uniform specifications for battery cells and the variety of chips severely affect cost efficiency, market responsiveness, and industry competitiveness. He mentioned that the technological iteration of smart electric vehicles far exceeds that of fuel vehicles, with multiple iteration demands exacerbating supply and demand contradictions. The industry is generally facing the problem of "increased production without increased revenue, and increased volume without increased profit." ## Su Bo: Domestic penetration rate of new energy vehicles to exceed 70% by 2030 Su Bo, Deputy Director of the National Manufacturing Power Construction Strategic Advisory Committee and former Vice Minister of the Ministry of Industry and Information Technology, stated that the "14th Five-Year Plan" is a decisive period for China to transition from a major automotive country to a strong automotive country. New energy vehicles must undertake the mission of manufacturing power, technological power, transportation power, and the "dual carbon" goals. He expects that by 2030, new energy vehicles will become the absolute mainstay of the automotive market, with a domestic penetration rate exceeding 70%, and the goal of becoming a strong country in new energy vehicles is expected to be achieved ahead of schedule by the end of the "14th Five-Year Plan." ### Related Stocks - [562260.CN](https://longbridge.com/en/quote/562260.CN.md) - [516110.CN](https://longbridge.com/en/quote/516110.CN.md) - [159323.CN](https://longbridge.com/en/quote/159323.CN.md) - [516380.CN](https://longbridge.com/en/quote/516380.CN.md) - [NIO.SG](https://longbridge.com/en/quote/NIO.SG.md) - [NIO.US](https://longbridge.com/en/quote/NIO.US.md) - [159306.CN](https://longbridge.com/en/quote/159306.CN.md) - [159565.CN](https://longbridge.com/en/quote/159565.CN.md) - [515030.CN](https://longbridge.com/en/quote/515030.CN.md) - [09866.HK](https://longbridge.com/en/quote/09866.HK.md) - [512760.CN](https://longbridge.com/en/quote/512760.CN.md) - [562700.CN](https://longbridge.com/en/quote/562700.CN.md) ## Related News & Research - [NIO Inc. Provides April 2026 Delivery Update | NIO Stock News](https://longbridge.com/en/news/284863934.md) - [AITO Claims Brand Finance Nod as China’s Top Luxury Auto Brand](https://longbridge.com/en/news/284162502.md) - [Qingling Motors Expands New Energy Vehicle Leasing With Discloseable Repurchase Deal](https://longbridge.com/en/news/284802913.md) - [Li Auto targets BMW and Mercedes with premium SUVs in Middle East, Asia-Pacific](https://longbridge.com/en/news/284132549.md) - [Nio launches aftermarket assisted driving indicator light upgrade for Chinese customers](https://longbridge.com/en/news/284161411.md)