NYSE:NIOAuto
NIO Chip Manufacturing Push Reshapes Margin And Competitiveness Narrative
NIO (NYSE:NIO) has created two wholly owned subsidiaries focused on integrated circuit production.
The move marks a shift from chip design to direct manufacturing, with potential commercialization of NIO designed chips.
The company is aiming for tighter control over critical components used in its EVs and broader smart hardware products.
NYSE:NIO is trading at $5.87, with the stock up 14.2% year to date and 48.2% over the past year, while still showing a 30.5% decline over three years and...