Nio says Nvidia chip restrictions won’t hurt them


Chinese electric car company Nio said it doesn’t expect U.S. restrictions on Nvidia to affect the start-up’s business operations.

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Countries are jockeying for position on chip production — and the struggle won't abate anytime soon

Li said Wednesday there are many companies in China with artificial intelligence training chips, and that Nio is evaluating opportunities to work with different companies.

But he said the U.S. restrictions would not affect Nio’s long-term strategy.

Last week, automaker Geely said it won’t be affected by the new restrictions, as did autonomous driving start-ups WeRide and

Read more about electric vehicles from CNBC Pro

Earlier this week, Chinese financial news site Caixin reported that He Xiaopeng, chairman of electric…


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