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

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