https://www.ifixit.com/News/116152/macbook-neo-is-the-most-repairable-macbook-in-14-years
The laptop is built on an A18 Pro, a mobile chip first seen in the iPhone 16 Pro, which limits the machine to 8 GB of RAM. Storage comes in 256 or 512 GB, and whichever one you buy is the one you keep.
https://www.canadacomputers.com/en/search?s=sodimm&filter%5BmemoryType_uFilter%5D=DDR5%2CDDR4&order=product.price.asc
They could have easily made the RAM and Storage user serviceable/upgradeable, and from what I can find, they don't provide a way for the enduser to expand storage with a secondary SSD/HDD either, so you're either forced to carry around an external hard drive for a product that is meant to be portable, or use cloud storage where you might not always have reliable access to the internet/data caps.
Anecdotal, but the only component that has ever failed on me is a hard drive, if that happened to me on the new mac book, it would be e-waste.