NIO (9866 HK) CEO says premium EVs could see CNY 6k-10k in cost increase this year due to disruptions including memory chip shortage
Newsquawk Staff ·
NIO (9866 HK) CEO says premium EVs could see CNY 6k-10k in cost increase this year due to disruptions including memory chip shortage.
What it means
The statement from NIO's CEO regarding a potential CNY 6k-10k cost increase for premium EVs due to supply chain disruptions highlights the significant impact of semiconductor shortages on the automotive sector. This could lead to higher prices for consumers and potentially dampen demand, which may also affect the broader commodities market, including those related to EV production and manufacturing materials.
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