TECH - Nio CEO William Li Breaks 8-Year Brand Loyalty Streak As He Takes Delivery From Rival Chinese EV Startup | Benzinga
Chinese EV maker Nio Inc‘s (NYSE:NIO) CEO William Li has reportedly purchased a vehicle from its rival EV maker XPeng Inc (NYSE:XPEV).
What Happened: Li took delivery of his XPeng X9 in Hefei, Anhui Province, on May 11, CnEVPost reported. XPeng CEO He Xiaopeng personally delivered the vehicle to his rival CEO, the report added.
It is apparently Li’s first vehicle purchase from another brand in eight years. The X9 is a multi-purpose vehicle which can seat 7 people. It can also be used as a spacious 4-seater SUV.
The base version of the vehicle starts at 359,800 yuan ($49,733) while its higher-end version ...