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China's Auto Sector Gets Boost From National Trade-in Policy in November
China's Auto Circulation Association: The used car market was significantly active in December, with an average daily Trade volume reaching 0.0666 million vehicles.
On December 12, the China Automobile Dealers Association released the weekly report on the used car market.
NIO's Li Bin: Contemporary Amperex Technology and NVIDIA are very strong, calling on them to give us some profit.
NIO founder Li Bin responded to the media today regarding supply chain payment terms, stating that some partners in the supply chain are quite powerful, and both Contemporary Amperex Technology and NVIDIA are making a lot of money, so we have no bargaining power. This elicited laughter from the audience, and Li Bin jokingly called for them to let us have a bit of profit. (Sina Technology)
Nio's Li Bin: Collaborating closely with supply chain partners, payments are made within 90 days after acceptance.
On December 12, Li Bin, the founder of NIO, responded to the payment cycle for supply chain partners, stating that we are at a slightly above average level, with payment made within 90 days after acceptance. "There is no right to speak without investigation; you can just ask the supply chain partners," he said, indicating that our cooperation with supply chain partners is very close. (Sina Technology)
Express News | NIO's William Li Says Company's Third Factory Expected to Start Production in Q3 or Q4 Next Year
Li Bin of NIO: The entry of Technology companies like Huawei and Xiaomi has brought significant changes to the Industry.
On December 12, NIO founder Li Bin stated to the media that the competition in the electric Autos Industry is intense, and in two to three years, it will be clear who can remain at the table. The Industry is in a higher-dimensional competition, which is not just about products, Technology, and services, but also multi-dimensional and comprehensive competition, with no weaknesses allowed. Companies like Huawei and Xiaomi entering the field have greatly changed the Industry, while traditional Autos companies are making significant investments and Ventures are also building their capabilities comprehensively. (Sina Technology)
