Nio's cumulative production of in-house developed chips exceeds 550,000 units
William Li , founder, chairman, and CEO of the Chinese electric vehicle (EV) maker, revealed the figure at a semiconductor industry summit in Shanghai on Thursday. The in-house developed chips have brought significant cost benefits to Nio. The Yangjian chip helps Nio save hundreds of yuan per vehicle , Li said Nio's in-house Yangjian chip for LiDAR Nio has achieved initial scale in its semiconductor business , with cumulative mass production of its in-house developed chips exceeding 550,000 units. William Li, founder, chairman, and CEO of the Chinese electric vehicle (EV) maker, revealed the figure at a semiconductor industry summit in Shanghai on Thursday. The production volume is primarily composed of two core chips : the Yangjian master control chip for LiDAR, and the Shenji NX9031, which powers smart driving features. The Yangjian chip was officially launched in September 2023 and put into use in April 2024. The chip is named Yangjian, after Yang Jian, a character...