Nio says Nvidia chip restrictions won’t hurt them

Chinese electrical automotive firm Nio mentioned it would not count on U.S. restrictions on Nvidia to have an effect on the start-up’s enterprise operations.

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Li mentioned Wednesday there are numerous corporations in China with synthetic intelligence coaching chips, and that Nio is evaluating alternatives to work with completely different corporations.

But he mentioned the U.S. restrictions wouldn’t have an effect on Nio’s long-term technique.

Last week, automaker Geely mentioned it won’t be affected by the brand new restrictions, as did autonomous driving start-ups WeRide and Pony.ai.

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Earlier this week, Chinese monetary information website Caixin reported that He Xiaopeng, chairman of electrical automotive start-up Xpeng, mentioned the restrictions would convey challenges for all autonomous driving algorithm coaching on cloud computing platforms.

But he mentioned the corporate has purchased sufficient of the high-tech merchandise to fulfill demand for the approaching years, in line with the report. Caixin cited He’s publish on a private WeChat account, which is analogous to a non-public Facebook information feed publish.

Xpeng didn’t instantly reply to a CNBC request for remark.

— CNBC’s Arjun Kharpal contributed to this report.

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