Whose technology is NIO's autonomous driving technology?
1 Answers
NIO's autonomous driving technology is developed by NIO itself. Below are specific details about NIO: Background: On September 12, 2018, NIO successfully listed on the New York Stock Exchange. Its China headquarters is located at Building F, Intelligent Technology Park, No. 3963 Susong Road, Shushan District, Hefei City, Anhui Province. Company Performance: In the fourth quarter of 2019 compared to the same period in 2018, NIO's vehicle deliveries increased by 244 units. Although revenue and gross margin slightly declined due to changes in vehicle composition, the results of NIO's cost reduction and efficiency improvement in operations were reflected in its financial reports. While achieving sales growth, the cost of main operations decreased by 9.3% year-on-year. Meanwhile, R&D expenses decreased by 32.3%, and sales and administrative expenses decreased by 20.5% year-on-year. It is evident that after a period of adjustment, NIO has not only significantly improved its supply chain costs but also markedly enhanced its operational efficiency.