Chinese EV Startup Nio And Mercedes-Benz Discuss Possible Collaboration
Chinese electric vehicle (EV) startup Nio has reportedly engaged in preliminary discussions with Mercedes-Benz concerning a potential collaboration. While the budding alliance was dismissed earlier as fake news, new developments indicate that the deal is pushing through and it likely involves technology sharing between the parties. The Negotiations According to Reuters, citing undisclosed sources with direct knowledge of the matter, Nio’s founder and CEO, William Li, initiated talks with Mercedes CEO Ola Kaellenius earlier this year. The primary objective of these talks is for Mercedes to consider investing in Nio in exchange for access to the startup’s cutting-edge technology. While these discussions have not yet delved into the specifics of… Continue Reading »