Nio says Nvidia chip restrictions won’t hurt them

Chinese electric car organization Nio claimed it will not hope U.S. restrictions on Nvidia to have an affect on the commence-up’s business operations.

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Li mentioned Wednesday there are several companies in China with artificial intelligence teaching chips, and that Nio is evaluating prospects to do the job with various firms.

But he mentioned the U.S. limitations would not affect Nio’s prolonged-expression technique.

Very last 7 days, automaker Geely stated it won’t be affected by the new limits, as did autonomous driving start off-ups WeRide and

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Previously this 7 days, Chinese economical information web-site Caixin described that He Xiaopeng, chairman of electrical car start-up Xpeng, reported the limits would carry challenges for all autonomous driving algorithm schooling on cloud computing platforms.

But he said the enterprise has purchased enough of the high-tech merchandise to meet up with need for the coming many years, in accordance to the report. Caixin cited He is write-up on a own WeChat account, which is comparable to a non-public Fb news feed put up.

Xpeng did not right away answer to a CNBC ask for for comment.

— CNBC’s Arjun Kharpal contributed to this report.