William Li, NIO’s Chairman and CEO, hosted a fireside chat with Maya Ben Dror of the World Economic Forum at EcoMotion2020, a virtual event to understand the visions of the leading CEOs in the global smart mobility community.
China has taken the global lead in promoting the adoption of electric vehicles by offering financial subsidies as an incentive for choosing EVs over traditional gas-powered vehicles. The nation’s subsidy program was launched to spur demand for electric cars, but it has been gradually scaled back over the years.
The electric vehicles market for electric vehicles has been challenged in recent weeks due to the corona virus pandemic and a price war for crude oil between Russia and Saudi Arabia, which has lowered the global cost of gasoline.
At NIO, our core values are Honesty, Care, Vision, and Action. Not only are our core values reflected in our products and workplace, but also through our employees. We’re honored and proud to share that one of our very own NIO U.S. employees took action to take care of the community during the COVID-19 pandemic.
A recent price war between Saudi Arabia and Russia caused crude oil prices to crater, touching off a debate about how lower gasoline prices might impact public adoption of electric vehicles. The short answer seems to be, not very much.
In the global spirit of community, as a first step, our colleagues in China produced a video to express their empathy to the global spread of COVID-19. We are pleased to share it with you as we continue to believe in better.
With offices in San Jose, Munich, and London, we are all doing our part in the global effort to contain the Coronavirus. As a global company, NIO employees outside of China took action to support our Chinese colleagues, users, and friends.