NIO Seeks Global Expansion Amid Memory Chip Shortage, Targets 10,000 Yuan Price Hike

NIO Inc. aims to sell thousands of vehicles worldwide this year as part of a two- to three-year global expansion strategy. The company anticipates domestic passenger vehicle sales to fall, but plans to improve its global image by personally assessing consumer concerns. NIO's expenses are rising due to a memory chip shortage, but CEO William Li forecasts increases of up to 10,000 yuan per vehicle. The company expects a full-year breakeven in 2026.