In line with the plans, NIO has also set up a separate hardware team, internally called “Smart HW (Hardware)”. According to the report, William Li Bin has been looking for a technical leader with a silicon-based background since a few months ago.
Sources close to William Li Bin said that although the chip project has not yet been discussed by the board of directors, William Li Bin’s intentions have been clear, and he is thinking about the final structure and has been making some advance communication to the company’s executives and shareholders.
The report quoted a chip practitioner as saying that the capital investment required to develop their own chips could range from 1 billion yuan to 1 billion US dollars, depending on the extent of research and development.
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