Nio says Nvidia chip restrictions won't hurt them
Chinese electric car company Nio said it doesn't expect U.S. restrictions on Nvidia to affect the start-up's business operations. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car maker Nio joined others in the industry in saying that U.S. restrictions on Nvidia chip sales to China won't affect the automaker's business. Nvidia disclosed last week that the U.S. will require the chipmaker to get a license for future export to China for certain products, in an effort to reduce the risk of them being used by the Chinese military. related investing news Pro Picks: Watch all of Wednesday's big stock calls on CNBC Christina Falso 7 hours ago "We believe this will not have an impact on our business operations," William Li, founder, chairman and CEO of Nio, said via the company' ;s translator during an earnings call Wednesday. That's according to a StreetAccount transcript. "Based on our estimations, our computing power is suf...