news flash·2025-07-01 05:17Core Insights - NIO's founder and CEO Li Bin announced the successful application of the self-developed 5nm automotive-grade chip, Shenqi NX9031, in several vehicle models, marking a significant milestone for the company [1] - The performance of a single Shenqi NX9031 chip is equivalent to four NVIDIA Orin-X chips, indicating a substantial technological advancement [1] - The integration of the Shenqi NX9031 chip is expected to optimize the cost of each vehicle by approximately 10,000 yuan, which will significantly enhance NIO's vehicle gross margin [1] Company Developments - The global first automotive-grade 5nm intelligent driving chip, Shenqi NX9031, has been rolled out to models including ET9, new ES6, new EC6, new ET5, and new ET5T [1] - The successful performance of the Shenqi NX9031 chip aligns with the company's design goals, showcasing its commitment to innovation in the electric vehicle sector [1] Industry Impact - The introduction of advanced chips like Shenqi NX9031 is indicative of the growing trend in the automotive industry towards higher performance and efficiency in electric vehicles [1] - The cost optimization achieved through the new chip technology may set a precedent for other manufacturers in the electric vehicle market, potentially influencing pricing strategies and profit margins across the industry [1]