On January 6, at a media briefing marking the production of the one-millionth NIO, Li Bin, founder, chairman, and CEO of NIO, stated that the biggest cost pressure this year is the rise in memory prices.He noted that the automotive industry is competing with the AI sector for resources, as today’s smart car chips all require memory. For vehicles equipped with autonomous driving systems as standard, rising raw material and memory prices are major concerns for the entire industry. (Yicai)