NIO Responds to Rising Raw Material Costs: Premium Models Face Nearly ¥10,000 Cost Increase, No Price Hike for Now

Li Bin, founder and chairman of NIO, stated today that due to rising prices of memory storage and other raw materials, the cost per premium new energy vehicle has increased by approximately RMB 3,000 to 5,000, totaling nearly RMB 10,000. Despite this significant cost pressure, Li emphasized that NIO's current system can still absorb the increase, and therefore the company has no plans at present to adjust vehicle prices.