Smart Car Surge
When most companies are struggling to deal with the difficulties in business operation caused by the ongoing novel coronavirus epidemic, NIO, an emerging Chinese carmaker specializing in intelligent electric automobiles, has just welcomed a monumental moment—the establishment of its headquarters in Hefei, Anhui Province in east China.
There, the local government as well as market investors are expected to inject over $10 billion into the ambitious smart car producer, which plans to soon put its coupe SUV EC6 into large-scale production. The move coincided with the issuing of a document on intelligent automobile innovation and development strategy by Chinese policymakers on February 24.
In the document, the government has set 2025 as the target year for achieving market application of self-driving cars with
