Search results for "NIO"
2026-05-13
02:41

Nio Spins Off Chip Unit Shenji to Reduce Reliance on Nvidia

Gate News message, April 25 — Chinese EV maker Nio announced on April 24 that it has spun off its chip division, Shenji, into an independent company to reduce reliance on suppliers such as Nvidia and improve profit margins. Shenji's first chip, the NX9031, uses a 5-nanometer automotive-grade
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14:31

U.S. stocks open, Dow Jones down 0.03%, Rivian surges 27%

U.S. stocks open lower, with the Dow down 0.03%, the S&P 500 down 0.01%, and the Nasdaq down 0.12%. Rivian surged 27%, with deliveries expected to increase by 53% in 2026. Some Chinese concept stocks declined, with Alibaba down 3.6%, NIO down 1.46%, and Baidu down 4.5%.
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