Smart and Sustainable Electric Mobility
Tencent will provide support for the large-scale data storage, computing and model training needed to take NIO's autonomous driving technology from development to operation.
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People who originally drove BMWs won't go back to buying BMWs after buying NIO vehicles. That is the trend, Li said, adding that NIO is on the right side of the trend.
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"We can't let the people who are learning from us run faster than us," William Li said.
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"We can't let people who learn from us run faster than us," concludes Li.
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In addition to BYD, several other Chinese automakers, including Chery and NIO, are reportedly planning to order vehicle carriers.
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Innovusion's Falcon LiDAR is used in the sensing system of the NIO ET7, ES7 and ET5.
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NIO today put 10 supercharging stations into operation in Jilin, bringing its network of supercharging stations in the northeastern Chinese province to 35.
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NIO's strategy of building to order and meeting different customer needs by offering individualized model options is facing more challenges in the current environment.
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Major headwinds to the competition faced by traditional luxury automakers as NIO master plans to dominate the premium luxury segment.
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NIO has 25 battery swap stations in Hubei province, connecting 16 cities and covering multiple highways.
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