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Nio’s Li Bin calls on major car companies not to attack each other and compete viciously

NIO founder, chairman and CEO Li Bin said at a media face-to-face event in Xi’an that NIO Capital currently invests in more than 70 companies, including batteries, lidar, etc. etc.

Regarding the launch of other brands, Li Bin said that smart electric vehicles share many aspects between brands with different prices. For example, smart driving technology innovations in high-end brands can be used in the mass market, and the cost will be cheaper after scale. In addition, mobile phone companies are all making cars, and the “catch up with each other” pattern formed is conducive to the development of the industry.

Regarding the power exchange alliance, he believes that there may be a joint venture, or there may not be. “The main issue is to unify standards, share resources, and each provide the best experience for their respective users.”

Regarding the ET9 released last night, he said that new car bookings exceeded expectations, but the entire Chinese market is only 100,000 vehicles a year at most, and a good performance is only one or two thousand vehicles a month.

Li Xiang had previously mentioned the “Five Permanent” concept for car companies. Tesla, BYD and Huawei were shortlisted, but he did not mention NIO. In this regard, Li Bin said that he did not know that Li Xiang had said this, “If it is true, it is quite untrue.”

Li Bin believes that around 2035, there will be five Chinese companies among the top ten automobile groups in the world, but everyone’s answer to which five they are will be different.

Li Bin said that the automobile industry has never been a winner-take-all competition. It has always been a long-term competition and a “marathon”.

Li Bin also mentioned that all Chinese automobile brands are new forces, and the backbone and backbone of Chinese automobile companies are the founders. He also called on us not to engage in vicious competition that attacks each other and has no bottom line.

 Healthy competition between car companies will make China's auto industry better and better. We call on you not to engage in vicious competition that attacks each other and has no bottom line. This may make the current happy situation of Chinese auto companies in vain. flow.

According to previous reports, Changan Automobile and NIO announced last month that they had reached a cooperation agreement on battery swap business. The two parties announced that they would establish battery swap standards, establish a battery swap system, establish a battery asset management mechanism, and pre-research on battery swap products. cooperation in various fields.

Li Bin said that the power exchange network is equivalent to the cloud service infrastructure of the energy Internet. He said that a large part of the market value of cloud services such as Alibaba, Tencent, Amazon, Microsoft, etc. comes from “cloud services.” Without cloud, their market value will be reduced. In the process of establishing “cloud services”, these companies all suffered losses for many years before finally achieving their current success.

On November 29, Geely Holding Group and NIO signed a strategic cooperation agreement on battery swapping in Hangzhou. The two parties announced that they will work on battery swapping standards, battery swapping technology, battery swapping service network construction and operation, battery swapping model development and customization, and battery asset management. and operations and other fields to carry out comprehensive cooperation.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

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