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Stock impact report

Nio CEO William Li Bets Big On In-House Chips, Battery Swaps Amid Strong Q4 Earnings [Yahoo! Finance]

NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO) 
Last nio inc. american depositary shares, each representing one class a ordinary share earnings: 3/18 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Nio Inc. CEO William Li has reiterated the company's battery swapping efforts, as well as in-house self-driving chip development, at the company's Q4 earnings call. Self-Driving Efforts During the company's fourth-quarter earnings call, the CEO hailed Nio subsidiary GeniTech Co. Ltd. 's latest funding round as a boost for the company's in-house chip design and self-driving efforts, such as developing "the world's first automotive-grade 5-nanometer chip" for Nio's Smart Driving tech. "We will continue to make determined and sustained investments in the 12 full-stack technology domains for smart EVs," he said. He also outlined Nio's updated NIO World Model (NWM), which promises better performance of the Navigate on Pilot, which is the company's ADAS offering. Don't Miss: Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.85/Share Explore the Fire-Safe Energy Storage Company With $185M in Contracted Revenue On the chip Show less Read more
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