Nio claims that Nvidia chip limits will not harm them.

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Nvidia announced last week that the US will need the chipmaker to obtain a licence for future shipment to China for certain devices, in an effort to decrease the chance that they will be used by the Chinese military.

We feel this will have no impact on our business operations,” William Li, founder, chairman, and CEO of Nio, said during an earnings call Wednesday via the company’s translator. According to a transcript from StreetAccount.

The Nvidia Drive Orin chip has become a critical component of assisted driving technology for Nio and other Chinese electric vehicle manufacturers.

BEIJING (Xinhua) — Nio, a Chinese electric car manufacturer, has joined others in the sector in claiming that US limitations on Nvidia chip supplies to China will have no impact on the company’s operations.

Nvidia announced last week that the United States will require the chipmaker to obtain a licence for future shipment to China of specific goods in order to decrease the danger of their being utilised by the Chinese military.

We feel this will have no impact on our business operations, William Li, founder, chairman, and CEO of Nio, said during an earnings call Wednesday via the company’s translator. According to a transcript from StreetAccount.

Based on our estimates, our computer power is sufficient for the development of our autonomous driving technology in terms of AI training for the time being.

The new limits in the United States target Nvidia’s A100 and H100 products, which are sold as part of the company’s much bigger data centre business. The products are artificial intelligence-capable graphics processors.

The Nvidia Drive Orin chip has become a major feature of assisted driving tech for Nio and other electric car businesses in China. According to an online Nvidia blog post, Nio’s new ES7 SUV included four such processors, including one that allowed the car to learn from unique driver preferences.

According to Li, there are numerous companies in China that have artificial intelligence training chips, and Nio is assessing chances to partner with other companies.

However, he stated that the US restrictions would have no impact on Nio’s long-term strategy.

Last week, automaker Geely stated that the new limits will not harm it, as did autonomous driving start-ups WeRide and Pony.

He Xiaopeng, chairman of electric car start-up Xpeng, said earlier this week that the restrictions would pose challenges for all autonomous driving algorithm training on cloud computing platforms, according to Chinese financial news site Caixin.

According to the newspaper, he stated that the corporation has purchased enough of the high-tech products to meet demand in the next years. Caixin referred to He’s post on a personal WeChat account, which is analogous to a private Facebook news feed post.

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