Li Bin: Nio's peak purchase of $300 million worth of Nvidia chips each year, self-developed chips have already saved the company a lot of money.

During the high-level forum on the development of intelligent electric vehicles, William Li, the founder, chairman, and CEO of NIO, stated that from the perspective of internal management reports, the company has actually saved a lot of money. NIO has been using NVIDIA chips in the past few years, and at peak times it would spend $300 million on NVIDIA chips in a year. Although the research and development costs of the self-developed intelligent driving chip are high, it definitely does not require spending so much money. If NIO is still outsourcing now, with NIO's annual sales growth of 40-50%, procurement is a significant expense. He said that from this perspective, self-developed chips are definitely exchanged for cost reduction with research and development, and from the perspective of gross profit in research and development, it is definitely profitable. It may have large initial investments during the start-up phase, but with an annual usage of hundreds of thousands like this year, it is actually profitable.