Tag: nio
Tesla will store Chinese user data locally, following Apple’s suit
The handling of user data in China has become a delicate matter for foreign tech companies operating in the country. Apple’s move to store the data of its Chinese customers in servers managed by a Chinese state-owned cloud service has stoked controversy in the West over the years. A recent…
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EV startup Nio secures $1 billion investment from China entities
Chinese electric vehicle startup Nio has secured a $1 billion investment from several state-owned companies in Hefei in return for agreeing to establish headquarters in the city’s economic development hotspot and giving up a stake in one of its business units. The injection of capital comes from several investors, including…
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