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Online Statement Defending NIO Inc. (NIO) Sparks Backlash; Autopilot Under Fire
August 19, 2021 1:53 PM EDTAn online statement signed by 500 NIO owners appeared in the chat room of the companys app Wednesday. The statement follows the death of a 31-year-old entrepreneur, Lin Wenqin, on August 12. Lin Wenqin was involved in a fatal crash while driving one of the companys ES8 sport-utility vehicles. The accident occurred while the autopilot function was turned on, NIO Inc. (NYSE:... More
Nio (NIO) and Tesla (TSLA) Supplier Bosch China Cuts Off Chip Deliveries
August 18, 2021 7:25 AM EDTDavid Xu, the vice president of Bosch China, released on Tuesday that its semiconductor factory in Muar, Malaysia, was shut down by the government due to pandemic restrictions. The factory is specialized in producing ESP/IPB, VCU, TCU chips.
In China, Bosch supplies chips and car parts to car... More
