Li Bin, chairman and CEO of NIO Auto, said in an interview that the automobile industry has now entered the middle and back end of the marathon and the harshest stage of the finals. Profits of the entire industry continue to be under pressure, and sales margins and manufacturing margins are low. Bike costs in the second quarter increased by 14,000 yuan compared to the end of last year, which is equivalent to 1.5 billion yuan more cost pressure in a quarter out of thin air. Li Bin revealed that in the first quarter, some of last year's inventory buffered costs, while the cost pressure in the second quarter was fully evident. It is expected that bicycle costs will continue to rise by 2,000 to 3,000 yuan in the second half of the year, a total increase of 16,000 to 17,000 yuan compared to the end of last year. Among them, the increase in memory prices contributed about 10,000 yuan, the increase in battery prices contributed 3,4,000 yuan, and the rest came from increases in commodity prices. Car companies have little room to negotiate this part of the cost.

Li Bin, chairman and CEO of NIO Auto, said in an interview that the automobile industry has now entered the middle and back end of the marathon and the harshest stage of the finals. Profits of the entire industry continue to be under pressure, and sales margins and manufacturing margins are low. Bike costs in the second quarter increased by 14,000 yuan compared to the end of last year, which is equivalent to 1.5 billion yuan more cost pressure in a quarter out of thin air. Li Bin revealed that in the first quarter, some of last year's inventory buffered costs, while the cost pressure in the second quarter was fully evident. It is expected that bicycle costs will continue to rise by 2,000 to 3,000 yuan in the second half of the year, a total increase of 16,000 to 17,000 yuan compared to the end of last year. Among them, the increase in memory prices contributed about 10,000 yuan, the increase in battery prices contributed 3,4,000 yuan, and the rest came from increases in commodity prices. Car companies have little room to negotiate this part of the cost.