Mexican Media Brands
EV Startup Nio’s U.S. Chief Quits
The head of U.S. operations for Chinese electric-car startup Nio Ltd. is leaving the company next month.
#hybrid
Share
The head of U.S. operations for Chinese electric-car startup Nio Ltd. is leaving the company next month.
Padmasree Warrior cites personal reasons for quitting as Nio’s global chief development officer and CEO of Nio USA. She joined Nio, then called NextEV, three years ago from Cisco Systems Inc., where she had been chief technology and strategy officer.
Warrior and Nio founder/CEO William Li built the Shanghai-based company into a major Chinese contender in the global EV market. The company has been described as a rival to Tesla Inc.
In August, Nio floated an initial public offering in the U.S. that raised about $1 billion and hiked the company’s market valuation to $6.4 billion.
The company introduced its first model, the $68,000 ES8 crossover, in China last December. The 644-hp car has a 220-mile range and can zip from zero to 100 kph in 4.4 seconds, according to the company.
RELATED CONTENT
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
2018 Chevrolet Bolt EV Premier
There are two ways to consider the Chevy Bolt. One is the car. The other is the environment it exists in.
-
Honda to Make Hybrids in Thailand
Honda Motor Co. is preparing to launch production in Thailand of hybrid cars and the batteries that help power them.