Home Business Nio says the limitations of Nvidia’s chips won’t hurt them

Nio says the limitations of Nvidia’s chips won’t hurt them

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Chinese electric car maker Nio said it doesn’t expect U.S. restrictions on Nvidia to affect the startup’s business operations.

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Li said on Wednesday that there are many AI training chip companies in China, and that Nio is evaluating opportunities to work with different companies.

But he said the US restrictions would not affect Nio’s long-term strategy.

This was announced by the Geely car manufacturer last week will not be affected by the new restrictions, as are self-driving startups WeRide and Pony.ai.

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Earlier this week, a Chinese financial news website Caixin reported that He Xiaopeng, chairman of the electric car startup company Xpengsaid that the limitations will lead to problems for all autonomous driving algorithm training on cloud computing platforms.

But he said the company had bought enough high-tech products to meet demand for years to come, the report said. Caixin cited He’s message on his personal WeChat account as similar to a private message on Facebook’s news feed.

Xpeng did not immediately respond to CNBC’s request for comment.

— CNBC’s Arjun Harpal contributed to this report.

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