Mercedes-Benz
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Nio is still a 'first-year student' compared to German luxury brands, CEO says
"Nio is still a first-year student, but people are already paying us in advance of when we graduate with our PhDs. Over the next decade or so, we're going to finish school," he said.
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Nio founder says its rival is not Tesla, but German luxury brands as well as Apple Car
William Li Bin said Nio ET7's competitors are German premium brands like BMW, Mercedes-Benz and Audi, and in the longer term, Nio's competitors even include Apple Car.
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CATL becomes major supplier of Mercedes-Benz
Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, and Mercedes-Benz today announced that they are strengthening their partnership in the field of battery technology.


