NIO Chairman Li Bin: In the background of rapid technological iteration, a car model may waste billions of dollars.

On April 11, the High-level Forum on the Development of Intelligent Electric Vehicles was held, NIO Chairman Li Bin stated that the rapid iteration of intelligent electric vehicle technology makes it difficult to grasp the balance between supply and demand. A new car is difficult to sell well for more than a year, which actually causes a lot of waste. Capacity ramp-up, supply chain, and other aspects all require huge investments. In the context of rapid technological iterations, it is normal to waste billions on a vehicle model. In the end, the automakers do not make money, and neither do the supply chain nor the users. Challenges exist in both the supply and demand of batteries and chips.